NEW YORK -(DOW JONES)- Wind River Systems Inc., a supplier of
specialized operating systems, saw its shares fall 35% Friday on
speculation that the company would miss analysts' earnings estimates.
"I heard that the stock was moving because Lehman was talking to the
company and had hinted that they might not meet estimates," said John
O'Brien, a trader with Everen Securities Inc. in Chicago. "Which would
be strange since they were beating estimates pretty regularly."
Lehman Brothers Inc. analyst Michael Stanek, however, said he had
been misinterpreted. "Wind is a company that has beat its number for 20
quarters," he said, "and my feeling after talking with the company is
that they will meet estimates this time, rather than beat them, but they
will certainly not miss the number."
Stanek is confident Wind River (WIND) will meet a mean estimate of
analysts surveyed by First Call of 29 cents a share in the fiscal fourth
quarter, ending January. But he added that he made a "slight
readjustment" in his fiscal year 2000 estimate, revising it to between
$1.10 and $1.15 a share from $1.19.
Shares of Wind River on Friday were down $17.31, or 35%, at $32.19 on
Nasdaq volume of nearly 8.5 million shares, compared with average daily
volume of 270,800. Marcelo Prince; 201-938-5393
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