One for the thread...may be another hitech wreck in the offing tomorrow...Warnings about earnings not being up to expectations for two dd manufacturers after the close today, 12/10/97...Seagate closing plant so I'm assuming it's an earning's warning just as a precaution in the thought process...QNTM warning...
CC info for QNTM:
biz.yahoo.com
Earnings to be lower, 25c to 35c est, in Q3:
biz.yahoo.com
than expectations of 74c for Q3 per Zacks:
quote.yahoo.com
Also, lower than previous Q, Q2, which was 71c.
SEG news: biz.yahoo.com ...closes plant in
Ireland and is laying off 1,400...no comment on earnings going forward
at the moment...but, businesses never shut down operations without
charge offs, write downs to cover expenses.
Asian markets are open and IT IS UGLY at 825p Mountain, 12/10/97...it's tomorrow, 12/11, in Asia...Hang Seng and Seoul Composite both down almost 5%...Nikkei down 1.39%...what a messs!!!
There's more of this preannouncing the bad to come from other companies to my way of thinking and I hope it's not XLNX...this thing with the hitechs isn't over...value being created in hitechs but not the time to buy in...hope everyone's stuffed their mattress and are sleeping on the cash...Only thing worse than not making money is losing it...all my opinion
Bet it's going to be real interesting tomorrow...in the US equity
markets...get out your airsick bags... |
