International Rectifier (IRF) Message Board

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Technology Stocks : International Rectifier (IRF)

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To: Dr. Perry Lucero who wrote (889)	1/15/1998 5:22:00 PM
From: DanZ	Read Replies (1) of 1712

IRF released earnings after the close today of 13 cents per share, 1 cent below First Call and 2 cents below Zacks. While they came in below the consensus estimate, the earnings are within the range of both First Call and Zacks and I think the stock has priced in something worse than that. There are some positive aspects to the report. Revenue increased 23% and margins held basically steady at 33.1% despite problems in Asia. The stock took out short term resistance today and I think it will likely trade up to 12 or 12 1/4. I'll be buying for sure if it opens lower on this news, especially if it holds 10 1/2. www1.newsalert.com Best of luck to all holders...I'm still out of it. Dan

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