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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Ray who wrote (3738)	6/13/1999 11:15:00 PM
From: Michael Stavy	Respond to of 8393

ECD-Earnings (loss) per common share-diluted for the 4th Quarter Ending 6/30/99 and the Fiscal Year (F/Y) Ending 6/30/99 ECD's 4th quarter's earnings (6/30/99) and F/Y Ending 6/30/99 earnings should be out by 10/9/99 based on the historical fact that ECD's '98 10-K was dated 10/9/98. I have not made a pro-forma model or used any other quantitative method of forecasting ECD's F/Y 1999 Earnings. I used my best judgment, based on my studies and readings (including 10-Q's 10-K's, SI and Yahoo). For the 3rd quarter ending 3/31/99, I estimated that ECD's Earnings (loss) per common share-diluted is (0.30). The actual loss for this quarter was (0.38). A taking the actual loss as the base, I was 21.1% too low. Taking my estimate as the base, the loss was 26.7% larger than my estimate. For the quarter ending 3/31/98, ECD's Earnings (loss) per common share-diluted was (0.43). For the quarter ending 6/30/99, I estimate that ECD's Earnings (loss) per common share-diluted is (0.30). For the quarter ending 6/30/98, ECD's Earnings (loss) per common share-diluted was (0.43). For the F/Y ending 6/30/99, I estimate that ECD's Earnings (loss) per common share-diluted are (1.31). For the F/Y ending 6/30/98, ECD's Earnings (loss) per common share-diluted was (1.50). Please check my numbers and post your own estimates. Michael