Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Druss who wrote (6380)	4/6/1998 9:28:00 PM
From: Tom Hua	Read Replies (2) of 18691

Druss, MOT just announced earnings. Of course it had warned of a poor Q1 last month. What's new tonight is the negative outlook for the next couple of quarters. MOT traded down 4 in afterhours. Well, perhaps reality is beginning to set in. Regards, Tom Excerpt from MOT earnings release: Christopher Galvin, chief executive officer, said, ''The first- quarter results were greatly affected by the worldwide impact of Asian deflationary currency-influenced price competition, lower Asian consumer confidence than a year ago and unfavorable shifts in product mix. These conditions may continue for several more quarters. Second-quarter sales are expected to be below those of a year ago. Second quarter earnings are expected to be well below current investment community expectations and could be equal to or less than 1998 first-quarter earnings, excluding special items.''

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