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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Tech Master who wrote (5342)	3/29/1998 8:33:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) of 10786

With the weakness in tool vendors, and ALYD possibly being (wrongly) lumped in with them, that filing for an earnings extension could indeed spell disaster on Monday-- even if it was just a precautionary measure. Extensions always send up a big red flag, and with ALYD's lousy financial track record, it just makes matters even worse. The ironic thing is, since the filing says earnings will not be restated, and thus we know they should be good, one would think ALYD would have done everything in their power to get them out already. Between ALYD and their auditors, apparently someone was dragging their feet. Someone has some serious explaining to do. I fervently hope that ALYD makes it known before the bell on Monday whether or not they will release earnings by the original Tuesday deadline. If not, I pray they have something else of note to tell us to assuage the situation. But, then again, perhaps we're staring right into a makeshift bear trap. Come Monday, I'd hate for that to happen (gg). - Jeff

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