Here is some of the news from the Atlanta-Journal 20 DEC 1997
Start Quote - Harbinger , which jumped $4.25 to $25.12 1/2 in heavy trading, already had indicated the merger [w/ Premenos] would boost earnings.
'But we didn't know exactly how much, ' Katz [their CFO] said.
Now it has a better estimate.
'We said that in 1998, the company anticipates revenue of $160 million and operating income in the $38 million range, which would result in earnings per share of 88 cents,' Katz said.
Analysts had expected 86 cents a share, he said.
'In 1999, we expect revenue will grow 40 percent to $225 million and profits 50 percent to $1.32,' Katz said.
He declined to comment on 1997 earnings. - End Quote
[Apparently the reporter likes the word 'said' a lot.]
Anyway, FWIW I think HRBC has been oversold. But, that's probably because I bought in the low 30's and mid 20's. Like others, I thought it got hit pretty hard back in October when it shed $10 in a day. Go HRBC!! |
