DenverTechie,
Well ANTC does it again. It's too bad they need to drive their stock price down when they have ALREADY warned (see post this response is linked to) before. I guess they want to emphasize their Q4 problems or they are even worse than expected? ANTC may be a good company, in the right place ($900 million AT&T contract), at the right time, but warnings like this are certainly frustrating to an investor. But ANTC is caught between a rock and hard place. If they don't do these warnings, they get a class action slapped on them. If they do them, then their investors suffer.
If anyone has been following our posts on ANTC, now may be a good time to invest(IMHO!). I just hope they don't have to, "warn" again.
MikeM(From Florida)
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NORCROSS, Ga., Dec. 3 ......"We are very excited by the opportunities LANcity brings to us and are confident the transaction will be accretive to current analysts' estimates of 1999 revenues and earnings" said John Egan, ANTEC CEO & Chairman.
"However", continued Egan, "the fourth quarter of 1998 is not shaping up as anticipated. In our September quarter release we cautioned that the expected ramp-up in international sales was slower than planned. We now see that, although we are optimistic about the resumption in international sales in 1999, sales for the fourth quarter of 1998 will be less than expected."
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