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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes
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To: RBM who wrote (6602)4/14/1998 8:28:00 AM
From: Land Shark  Read Replies (3) of 34592
 
Here's some reasons for INTK tanking... Found this post on YHOO

>Sorry, but your info is wrong. Check with the Company. They
>released 3rd qtr. earnings April 1. 1 cent vs. 3 cents. Revenues
>DOWN 3%, earnings DOWN 200%. For the nine months, earnings were just
>2 cents vs. 8 cents. Worse, the press release says they lost their
>biggest contract and expect to LOSE MONEY for the "next several
>quarters". INTK is a wholesale distributor of test and measurement
>equipment, a very LOW MARGIN business, nothing to do with the
>internet and NO REASON to double or triple in price in 2
>days. Better check your facts more carefully. For a copy of the press
>release, call David White, C.E.O. at 972-243-7000.
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