Boundless Technology (BND) Message Board

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Microcap & Penny Stocks : Boundless Technology (BND)

BND 74.60

-0.2%

Oct 30 5:00 PM EST

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To: IBMikey who wrote (2520)	5/12/1999 11:53:00 PM
From: M. Charles Swope	Read Replies (1) of 2544

There has been surprisingly little comment on the earnings figures released yesterday. It seems to me that there are a lot of negatives in the numbers. YTD revenues are down (from $22.9 mil. to $21 mil.), OI is down (from $1.9 mil. to $1.4 mil.), net income is down (from $745,000 to $689,000) and general and administrative expense is up (from $1.4 mil. to $1.6 mil.). The increase in income per share seems to be due to fewer shares outstanding and the reduction in the dividends on preferred stock. The company's revenues and income from operations are down, not up. So, where's the good news? I suppose the increase in thin client business is positive but the fact is that this is only about 10% of the company's business and it wasn't enough to make up for a decline in the company's overall business. What am I missing?

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