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Hello Michael - I was pleased to see that the market perceived the earnongs as slightly positive compared with the pre-announcement, just as I did. That was manifest by the stock trading above its closing price the day prior to earnings. Then, of course, the stock was not spared by the market turmoil, although the effect of that was minimal compared with most other stocks. I agree with you that, at this point, we need news about the new products, especially how ready they are, to see a significant movement forward although such movements often preceed the news announcements. If the market continues in its present turmoil, however, we still have the opportunity to accumulate some more shares as I am planing to do. The success of the tunaround depends, of course, on how the new products are going to be received and how the bootom line is going to be affected by their sale. All indications about that seem to be very encouraging, and the Ceo seems to know exactly what to do. Ghassan. |
