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Technology Stocks : GenRad Inc.(GEN) entering the ADSL market!
GEN 26.080.0%11:25 AM EDT
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To: LemonHead who wrote (234)4/22/1998 12:09:00 AM
From: Jack Be Quick  Read Replies (1) of 283
 
Keith,
My thought, fwiw, is that even if the actual results were not that bad (i.e. a temporary phenomenon), they have surprised and pissed off a lot of investors big time by the way they sprung the news without warning. The best possible light, that they simply didn't know that the results would be this bad, is in some ways the worst possible light, i.e. they do not have adequate management systems. And if they did know, why on earth - with every other tech company warning about slowdowns due to the Asia situation, etc. - would they not have simply slipped a warning into the general stream of early warnings? Did they think no one would ever find out? Did they think no one would notice or think much of it when they did announce? Did they merely wish to surprise and embarrass whatever analysts and fund managers do follow the company? My initial thought was to hang on and wait for things to turn around, but I am wavering. Has anyone heard any credible explanation of why these earnings should have come as a surprise (e.g. last minute cancellation of a major shipment)? The more I think about it, the more annoyed I get. Maybe someone else has some cheerier thoughts.
John
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