Applied Cellular Technology (ACTC) Message Board

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Technology Stocks : Applied Cellular Technology (ACTC)

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To: Dr. Harvey who wrote (889)	5/12/1998 9:15:00 AM
From: caledonia	Read Replies (2) of 1062

I'm afraid you are correct. The numbers released this morning indicate that management is indeed pulling our legs. Cost of Goods sold as a percentage of sales increased from about 66% to 73%. I thought Sullivan said the acquisitions were to be accretive? Once again,a lack of a detailed explanation of the numbers raises many questions. They are quick to release news on non-events like hiring a new PR firm, but very quiet on a detailed explanation of earnings. By the way, did they hire an investment banker yet or were they just attempting to pump the stock?

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