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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: kolo55 who wrote (293)10/30/1997 10:53:00 PM
From: jeffbas  Read Replies (1) of 1250
 
Paul, another idea on the sellers. First Call shows earnings estimates
of $.09 for the current quarter down from $.23 seven days ago. I think this reflects the conference call which corrected some expectations that the deferred $9 million sales had to mean a good fourth quarter.
A material downgrade in short term earnings expectations has probably induced some selling by people who no longer see any short term value in the high teens. $.09 now and $1.53 next year
is much more risky looking than $.23 now and $1.56 next year,
which were the 7 days prior numbers.
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