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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Ploni who wrote (1224)1/22/1998 4:53:00 PM
From: Bobby  Read Replies (3) of 18691
 
ITWO reported "16" cents, seemingly a penny above expectations which, IMHO, is no where close to sustain its high flyer momentum with a P/E of over 200. A close scrutiny of their statement would also show that the 16 cents excludes what they call "in-process and R&D costs" which, if included, would reduce earnings to 6 cents compared to 10 cents in the prior year period. I smell a rat!!
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