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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (8877)5/2/1998 8:10:00 AM
From: Dave Shares  Read Replies (1) of 120523
 
ASTX

From same press release previously posted:

''As we look into the near future, we expect revenues from new products related to technology buys and from non-semiconductor markets to continue the strength shown in the third quarter. However, we expect a further decline in revenues from products that are primarily related to semiconductor fab capacity as our customers further reduce inventory. These factors may result in a 5%-10% sequential decline in Q4 revenues. Based on the revenue and product mix outlook for the fourth quarter, we expect gross margins may decline and fourth quarter net income may decline sequentially approximately 50% despite expense control measures that have been implemented.''

I think it is fair to say that the forward statement above is what caused the stock to tank after earnings.

As Paul Harvey would say, "and now you know the rest of the story"

The earnings plays posted here are great, and I am finding from observation that they are much safer being played in advance and taking advantage of the pre-earnings runups. I see too many good reports that lead to profit taking. But I want to make it clear (not that anyone would care what I have to say) that many of the companies posted are enjoying terrific pre-earnings runups, it is a matter of watching carefully.

David
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