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Technology Stocks : SPYG in the mid-teens
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To: paul goldstein who wrote (214)5/9/1998 8:14:00 AM
From: lloyd bashaw  Read Replies (1) of 219
 
As a bonus it appears that Reuters called SPYG late in the day about the activity. CEO of SPYG issued to Reuters the material for this following release.

Spyglass sees profitable fiscal 1999
Reuters Story - May 08, 1998 15:42
%BUS %ENT %US %RESF SPYG V%REUTER P%RTR

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CHICAGO, May 8 (Reuters) - Spylass Inc. expects to return
to profitability in its fiscal 1999 after switching the
company's focus to the Internet device market, Spyglass chief
executive Doug Colbeth said on Friday.
"We feel good enough about our business that we believe we
can be profitable in fiscal 1999," Colbeth said in a telephone
interview.
According to First Call, analysts' consensus estimate for
fiscal 1999 is a profit of $0.08 a share, and for fiscal 1998 a
loss of $0.62 a share, versus a loss of $0.77 in fiscal 1997.
For the current fiscal third quarter ending June, analysts
on average expect a loss of $0.11 a share versus a loss of
$0.45. Colbeth declined to comment on specific quarters.
In late 1996, Spyglass said it would create software to
make everyday devices such as cellular phones and televisions
work with the Web. The company's work previously focused on
Internet browser technology for personal computers.
Shares of Spyglass were up 1-1/4 at 12-1/8.
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