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Strategies & Market Trends : Stock Of The Week

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To: Stanley Cowen who wrote (39)	2/15/1997 4:49:00 PM
From: Dan Berger	of 66

The last week of the quarter was certainly critical in the November quarter, and they missed. However, all of the deals that they missed were booked shortly after the quarter closed and will count toward this quarter's results. Plus, I like the fact that this current quarter ended on January 31 rather than December 31 so that they could somewhat avoid the year-end madness (which often leads to aggressive discounting or extended payment terms). Also, there's nothing like a 67% drop in stock price to focus management's attention on the immediate. My bet is a combination of events has led to INFR "making" this quarters' number. Zacks forecasts earnings of breakeven to $0.01. My guess is closer to $0.10 which I think will prompt a return to double-digits for the stock. We'll all know Wednesday after the close. Good luck.

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