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Technology Stocks : Source Media SRCM

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To: Street Walker who wrote (781)	8/4/1998 1:10:00 AM
From: Smilodon	Read Replies (1) of 3015

Will SRCM report poor quarterly results? Before last quarter's earnings release, SRCM management said they were comfortable with analyst estimates in a couple of conference calls. They then reported lower than expected losses (partially due to a higher share count) with revenues lower than expected and receivables much higher than normal (even after allowing for the acquisitions). In response to a question about Q2 results in the recent conference call, Tim Peters said they would be "explained" in the regular earnings release call, and that he couldn't comment right now. Since I am very suspicious of this management team anyway, and I think the telephone business is in decline, I read it as telegraphing a bad result. But maybe I am too much suspicious. What do you and the other longs think? Regards, Archer

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