PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: Howard Shlom who wrote (415)	1/28/1999 10:06:00 AM
From: Larry Brubaker	Read Replies (1) of 2383

Howard, my thoughts, the earnings look good. There was an improvement in the gross margin, plus a big investment in additional SG&A expenses, just as Zeev called. And the first quarter-over-quarter earnings increase in a year. Their investments are now paying off. The stock is not responding with a big pop in the first hour after the release. My guess is we are clearing out some who might have been looking for a big pop with the earnings release, didn't see it and so are bailing. The stock's earnings should increase quite a bit this year, even if sales don't increase as much as Zeev's 40%. Those who are selling will be replaced by stronger hands with a longer-term perspective.

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