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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: Rob Preuss who wrote (959)4/28/1999 8:58:00 PM
From: jeffbas  Read Replies (2) of 1250
 
Rob, I think your SG&A is $100,000 too high for the next quarter.

On the price action, it always depends:

-The Annual Report letter tone said to expect a fine quarter, so it may already be in the price.

-Since analysts probably did not expect the 500,000 shares or the $100,000 in acquisition-related costs, they really beat the numbers by 2 cents.

-The analysts were saying good quarter. If we see an upgrade (or possibly even a reiterated buy) I think we will break resistance in the mid 17 area and test $19.

-If they announce something on Motorola, which probably won't be in the next few days, I bet we could see the low $20's as that would add some excitement to the story.
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