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Technology Stocks : JPM Co. (JPMX, formerly JPMC)
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To: Instock who wrote (148)1/27/1998 5:50:00 PM
From: Instock   of 157
 
Another Good Short Term Short sell ! JPMX

"Net income fell to $.8 million after a $.4 million write-off of expenses related to the cancelled secondary offering or 11 cents per fully diluted share (15 cents per
share before the charge related to the cancelled secondary offering) compared to last year's first quarter net income of $1.8 million or 24 cents per share. "

''We have been faced with higher than usual costs related to new customer and new product start-ups, interplant transfer of programs and higher fixed costs
necessary to support not only the current size of the organization, but our future growth as well.''

"Unfortunately, the higher level of revenues did not materialize as orders slacked off toward the end of the quarter."

"We expect our operating margins to continue to be under pressure for the next several quarters while we work through some of the lingering program start-up issues."

''In the near term, we expect second fiscal quarter revenues to be slightly lower than our first fiscal quarter revenue. We are evaluating our cost structures against our
expectations of growth.''

biz.yahoo.com
"The JPM Co. (Nasdaq:JPMX - news) said it expects fiscal 1998 second quarter revenues to be ''slightly lower'' than first quarter revenues of
$31,500,000."

"JPMX also said it expects operating margins to continue to be under pressure for the next several quarters due to an increase in its fixed costs."

Instock
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