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Technology Stocks : IFMX - Investment Discussion
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To: RDH who wrote (11763)8/27/1998 3:27:00 PM
From: view  Read Replies (1) of 14631
 
RDH;

IFMX stayed at 4 to 4 1/32 for the whole month of Dec.
4 should be a very strong support, and I agree with you that the situation is a lot better today than it was a year ago.
And meantime analysts have increased their earning expectations
(in dec 97, they were looking for IFMX to loose about 47 cents for 1998, and now they are expecting them to make 20 cents for the year)

That is why it is so puzzling.
I hope Bob F. did not make the same mistake as Phil White did 3 days before the pre-announcement of 4/1/97. He came on Thursday of that week and made a very strong prediction for the company and was saying that the days for ORCL is over. Well, we know what happened.

Bob F. had an interview with SF Chronical, and he seemed to be upbeat.
Also, ORCL said that their sales from ASIA is not getting effected with the turmoil. That should also be positive for IFMX
I can NOT figure this one OUT.
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