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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: JSB who wrote (433)1/28/1999 5:43:00 PM
From: Zeev Hed  Read Replies (1) of 2383
 
JSB, that is what is happening when expectations are built up. Management is actually quite aware of this problem, and they are toning down expectation for next year to sales of about $285 MM and earnings in the $.85 to $.90. When you listen to the conference call, they tell you, our estimate do not include "hardware" (and what are your expectations 10% of sales), they do not include that and that..., thus in my opinion, my estimate of $1.4/share plus and $330 MM in sales.

Zeev
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