C-Cube Message Board - Msg: 3164343

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Technology Stocks : C-Cube

CUBE 37.57

-0.9%

1:49 PM EST

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To: DiViT who wrote (28049)	1/14/1998 9:47:00 AM
From: Brad Rogers	Read Replies (2) of 50808

Zacks corrects Rob Steph number; China strength helps Intel/AMD. Zacks in its alert this morning has corrected the Rob Steph number for quarter ending 12/97 to .24 resulting in 1997 full year estimate of 1.10. Rob Steph apparently had its revenue estimates at $90M or more for the quarter and apparently was told in November this was a bit aggressive. So the revenue estimates have now been reduced apparently to $86-88 and the model being used results in .24. May simply be a case of not wanting to stick one's neck out; one is rarely punished for being somewhat low on the estimates. Zacks also corrected Rob Steph 1998 number to 1.24 Note that in their releases, both Intel (which came in at .98 when .90 was expected) and AMD (which posted a significantly lower loss than expected) cited strength in China. Intel's Otelleni (exec vp and director of sales amd marketing) stated: "We have had a really good quarter in India and China....Asia Pacific is thankfully a very broad region." Note that Intel ran up nearly 25% into the earnings release so an initial tick back would not be surprising. Per First Call Estimate Monitor of January 10, 1998, here's the analyst lineup: Q4 Fahnestock/D.Scovel .26 Unterberg/Singh .27 Warburg-Dillon Read/? .27 BT Alex Brown .27 BA-RobSteph/Moosa .29 (now .24) Wedbush/Reynolds .29 Lehman/Lee .26 And on December 15, l997, Olde increased estimate for quarter ending 12/97 from .22 to .31. I think Justin at Olde may be closer than the others for several reasons, the principal reason being his grasp of the significance of the contribution of the Divicom unit. The contribution of the Divicom unit is likely the wild card to he upside for Q4 and subsequent quarters. Ron.

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