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Technology Stocks : Motorola (MOT)

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To: Meghan Richards who wrote (574)1/12/1998 9:11:00 PM
From: Sean T. Kim  Read Replies (2) of 3436
 
IMPORTANT NEWSFLASH: Asia will cause problems for tech companies!!
No kidding. Have you been asleep for the last six months? The fact they came anywhere near the estimate is a relief. The fact it is only a 3 cent miss astounding. Check out all these other companies with double-digit misses and look at their stock prices.

Fact is, the news is already out on most of the company's that have significant misses. Going forward, any tech company that misses by a penny or two is insignificant. Most analysts will breathe a sigh of relief and look forward. The current First Call estimates are wild-ass guesses in this turmoil -- remember folks these are just AVERAGES. For a company earning $2.26 a year, 3 cents is nothing especially when 25% of their business is in Asia.
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