STAR Telecommunications (STRX) Message Board

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Technology Stocks : STAR Telecommunications (STRX)

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To: Mike Milde who wrote (441)	11/12/1998 11:34:00 AM
From: Bill McCullen	of 780

Not surprised to see STRX down as nothing surprises me when it comes to this stock. Remember the day, in early october, they announced that they were confident in meeting expectations for the quarter and the stock dropped 25% that day? What does surprise me is a downgrade today from Jefferies and Co. (whoever they are). What about this earnings report results in a downgrade? Excellent revenue growth, super earnings growth, margin improvement and evidence that the PT-1 acquisition will be accretive. I don't get it, what's not to like? The range of EPS estimates was .08-.09 so its not like this guy was expecting .12 or something. Has anyone listened to the conference call? Was there anything said there that would warrant a downgrade? Thanks, Bill

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