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Technology Stocks : Identix (IDNX)
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To: Arthur who wrote (6367)1/26/1998 3:41:00 PM
From: Hockeyfan  Read Replies (1) of 26039
 
Marc Usem is pissed of too!

Today's fall is probably due to Marc Usem's First Call note at 9:07am where he reduced FY98 from 20 cents to 15 cents, FY99 from 38 cents to 33 cents and kept FY2000 at 56 cents.

His justification was that Asian market weakness and delays in several contracts expected in the second quarter (read Cook County and IDX), earnings estimates have been pushed out a quarter.

Fundamentals remain strong, but look out for earnings lumps.
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