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Technology Stocks : Brightpoint - CELL

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To: Paul Shread who wrote (1015)10/5/1998 7:31:00 PM
From: IndyTom  Read Replies (4) of 1999
 
Paul, as we've been discussing over on Yahoo board those of us who've heard from Mr Bounsall have all received the same message; business is good and company is still comfortable with consensus estimates.

I agree with those posting here that the lack of any earnings warnings in the recent news release is a major positive. I don't know if you saw it over here on this board, but following Herb Greenberg's BS article after the CLST news it was all mgmt could do to put the word out analysts and those of us who called in that, "BRIGHTPOINT IS NOT CELLSTAR". CELL is simply not going to have those same problems. If you guys didn't see Greenberg's article I'd be happy to post (however you'll have to also take my point-for-point rebuttal).

In fact I saw one post over on Yahoo showing ML analyst reiterating his $390 mil revenue, 19 cent estimate. IMO if CELL does in fact do $390 mil in revenues that there is a good chance they'll beat 19 cents as a result of the stronger margins they showed last quarter.

The word on CELL is this baby is sailing steady as she goes. Now if we can just get this anal retentive market to realize 10 X 98 eps is a stupid valuation maybe we'll get some where.

Tom
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