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Technology Stocks : Osicom(FIBR)

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To: David Pawlak who wrote (5665)3/5/1998 7:10:00 PM
From: Eric D. Peters  Read Replies (2) of 10479
 
Hello!!!!....

Doesn't everyone realize that if the earnings predictions for the quarter were for a loss of 5 cents, this stock would probably be at 7 tomorrow?...instead it may take a peak at the 4's.

You can make a list of biotechs as long as my arm who lose money quarter after quarter after quarter, claiming that they have some new drug/device/medication/cure for cancer/whatever and they trade at astronomically high PE's

FIBR earned .02 per share...THEY MADE MONEY! Who cares what one analyst said they should have made. How on earth could he have been accurate with three new products on the cusp of either going to market or just having been released? I certainly wouldn't want his job.

All the news in the conference call would have be taken as super-positive in the context of a "beating earnings" perspective.

Wake up folks!
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