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Technology Stocks : Brightpoint - CELL
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To: Steve Antonelli who wrote (680)7/31/1998 9:47:00 AM
From: Paul Shread  Read Replies (1) of 1999
 
No, one day does not, but we keep making lower highs before pulling back (24, 21, 17). While support at 12 appears firm, we seem to have very limited upside. My guess is that ERICY's and MOT's prediction of flat handset sales are hurting us, plus price pressures due to cost-cutting and Asia. My question is this: How much upside can IRIDF and GSTRF contracts provide, because that's the only near-term positive for both CLST and CELL. And how much will CELL's decision to cut ties with secondary distributors limit its ability to win those contracts?
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