Brightpoint - CELL Message Board

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Technology Stocks : Brightpoint - CELL

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To: sdr who wrote (1442)	3/12/1999 1:01:00 PM
From: Grabs	Read Replies (1) of 1999

Don't want to burst your bubble, but the earnings shortfall is from operations, not from the accounting change. That is seperate. Here is an excerpt from the release: "The Company currently anticipates that revenue for the first quarter will be in the range of $375 million to $400 million, and earnings per share (before the cumulative effect of the change in accounting principle discussed below) will be approximately zero. Several factors have contributed to lower than anticipated revenues and operating income for the first quarter of 1999. These factors may also impact the remaining quarters of 1999. Unfortunately, that's $0 per share EPS before the change. As for the Kyocera issue, perhaps you are right, but more troubling was the concern that CELL has seen increased competition from other distributors in China and the like. Also, the overhang of a possible China devaluation will dampen the stock. Again, just my opinions (and some facts). Grabs

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