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Technology Stocks : Teletek (TLTK): Relaxed and Holding

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To: Joe Williamson who wrote (2205)10/3/1996 6:17:00 PM
From: Willsgarden   of 3645
 
Joe, I don't expect 1st Q to be as good as originally expected due to the apparent shift of revenue backward to the 4th Q. I'm revising my estimate to be 21-22mil for 1st Q, with less proportion of earnings due to ongoing legal exspences re:MCI, and purchases of new equipment for cash.
If Revenue is as high as expected, and there is clarification and justification of one time charges and expenditures that off set its earnings, we should still see a nice move possible to 7 or 7 1/2.
Don't discount the possibility of quick 3 mil dollar settlement from MCI which if added to this years bottom line is aprox .23 in eps.
We'll see.

Bill Monier
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