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Technology Stocks : SEITEL (SEI)
SEI 45.41+0.9%3:59 PM EST
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To: Adam McDowell who wrote (24)3/12/1996 10:48:00 AM
From: jesse dravah   of 427
 
Something I came across - most recent issue of Individual Investor, SEI expects to report a "disappointing" fourth quarter. Revenues of $90 mil, below istimates of $105 mil. Also, sales of seismic data have unexpectedly dropped. Bear Stearns has dropped their estimate of 96 earings estimate from $2.25 to $1.55. That makes the P/E around 16-17 not high ... but not low.

Thought you would like to see this. As anything comes up I will pass it on. We may have to wait for some better results - I still think that the long term position is really good.

I will be in touch.
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