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Technology Stocks : C-Cube
CUBE 36.64-0.5%Dec 5 9:30 AM EST

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To: Stoctrash who wrote (34559)7/21/1998 2:49:00 PM
From: DiViT  Read Replies (5) of 50808
 
Can someone with a math degree check my math.

Zacks sent out this EMail on estimate revision by RS after earnings:
ESTIMATE REVISIONS:
CUBE: BANCAM/ROB STEP decreased estimate for fiscal year
ending 12/98 from $1.17 to $1.05 on 07/17/98
CUBE: BANCAM/ROB STEP decreased estimate for fiscal year
ending 12/99 from $1.42 to $1.37 on 07/17/98
CUBE: BANCAM/ROB STEP decreased estimate for quarter ending
09/98 from $0.29 to $0.25 on 07/17/98
CUBE: BANCAM/ROB STEP decreased estimate for quarter ending
12/98 from $0.35 to $0.30 on 07/17/98
CUBE: BANCAM/ROB STEP decreased estimate for quarter ending
03/99 from $0.35 to $0.32 on 07/17/98
CUBE: BANCAM/ROB STEP decreased estimate for quarter ending
06/99 from $0.31 to $0.29 on 07/17/98
CUBE: BANCAM/ROB STEP has reiterated estimate for quarter
ending 09/99 of $0.34 on 07/17/98
CUBE: BANCAM/ROB STEP increased estimate for quarter ending
12/99 from $0.42 to $0.43 on 07/17/98


Now I get this (correction?):

ESTIMATE REVISIONS:
CUBE: BANCAM/ROB STEP increased estimate for quarter ending
09/99 from $0.34 to $0.36 on 07/20/98
CUBE: BANCAM/ROB STEP increased estimate for quarter ending
12/99 from $0.43 to $0.45 on 07/20/98

So I took the '99 numbers and added them up.
.32 + .29 +.36 + .45 = 1.42 for '99.
yet the previous Zack's mail sez:
CUBE: BANCAM/ROB STEP decreased estimate for fiscal year
ending 12/99 from $1.42 to $1.37 on 07/17/98


Why no correction?

I think we still see confusion from the street about this company.
Is it because because of PR? Perhaps, but maybe it's just perception in the minds of some, who need to blame others and not themselves. ESST, ZRAN had enough PR to drive thier stock to dizzying heights, now how's their PR and stock doing?

BTW: The company gives access to the analysts who call. Just ask any of the analysts that follow. They are listed on Cube's site.
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