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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (29984)	7/19/1998 11:43:00 AM
From: PaperChase	Read Replies (1) of 132070

MB. Have you seen the Sybase dribble below? It was an absolutely fantastic turnaround. Last quarter, Sybase posted a $54 million restructuring charge and an $81 million loss and then this quarter, they amazingly beat estimates on flat sales. <G> Hint, Hint, this was their first profit in 5 quarters. This accounting baloney never ends yet the shares rally mindlessly. Sybase rallies on unexpected profit Update: 05:46 PM July 17, 1998 EMERYVILLE, CALIF. (CBS.MW) -- Using tight spending controls, Sybase posted its first profit in five quarters despite a further decline in its core database sales. The company (SYBS) said it earned 1 cent per share, compared to analysts' expectations of a loss of 8 cents per share. Sales inched up to $217.8 million from $215.5 million, led by growth in service revenue.

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