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Technology Stocks : TRO Learning (tutr)

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To: sam song who wrote (83)	11/18/1997 4:51:00 PM
From: BARRY ALLEN	Read Replies (2) of 93

Not looking good here. Where's the bottom now?? Or is this factored in the price already? How the hell did things turn negative so rapidly. The 4th Qtr is supposed to be the strongest! techstocks.com The analyst's estimate of .00 seems high now. techstocks.com Tuesday November 18, 4:00 pm Eastern Time Company Press Release SOURCE: TRO Learning, Inc. TRO Learning, Inc. Engages Investment Banker; TRO Learning Reports Fiscal 1997 Revenue Shortfall HOFFMAN ESTATES, Ill., Nov. 18 /PRNewswire/ -- TRO Learning, Inc. (Nasdaq-NNM: TUTR - news) announced today that it has retained BancAmerica ROBERTSON STEPHENS as its financial advisor in exploring strategic alternatives to enhance shareholder value. The Company also announced that it initiated a plan in September to restructure its operations to achieve significant cost reductions, improve operating efficiencies, and implement a new business model. It further announced that it will not meet revenue expectations for its fiscal fourth quarter and year. As a result, the Company expects its loss for fiscal 1997 to be substantially greater than analysts' estimates of $(.92) per share. The Company believes the cost reduction plan implemented, its increasing emphasis on rental revenue programs, and the new business model will positively benefit fiscal 1998 and future year results. biz.yahoo.com

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