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Technology Stocks : IFMX - Investment Discussion

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To: J Bertrand who wrote (9321)2/12/1998 12:06:00 AM
From: chirodoc  Read Replies (3) of 14631
 
Evening Update: Informix Crushes the Consensus

...hi everyone: here is a little tidbit from the street.com--a bit more support for finding good companies with improving management and HOLDING ON FOR DEAR LIFE!

By John J. Edwards III
Senior Markets Writer
2/11/98 10:30 PM ET

A huge upside surprise in the database-software industry looks set to spark a lot of interest in Thursday's session (earnings estimates from First Call):

 Informix (IFMX:Nasdaq) reported fourth-quarter earnings of 5 cents per share, smashing past the 11-analyst consensus estimate of a 16-cent loss. Published earnings tables report that the year-ago figure was a loss of 5 cents, but First Call reports a year-ago profit of 22 cents. Informix surged to 8 5/16 after hours from its close of 7 3/8, according to Reuters.
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