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To: Mike Buckley who wrote (6388)	9/14/1999 10:40:00 PM
From: Rick	Respond to of 54805

"What if management had used Wednesday's conference to announce that there would only be a 5% sequential increase, instead of the 40% increase (pro forma) that the company had last quarter?" What exactly does the word "estimate" mean when everyone expects a different number to come in or they will be VERY disappointed? Why do analysts continually underestimate some company's figures? Once or twice I could understand but some companies can go years with low "estimates" (e.g. Comverse tech). Don't they ever learn to correct their mistakes? Or do they even consider it a mistake since no one seems to take their figures seriously? Fred

To: Mike Buckley who wrote (6388)	9/15/1999 10:29:00 AM
From: LindyBill	Read Replies (1) \| Respond to of 54805

Forget the pre-announcement. What if the company had not announced the official desire to sell the handset division? Our consensus from the start on this board was that the phone division was a drag on "Gorilla" earnings, and should be sold. I think the announcement helped the stock this week. What if management had used Wednesday's conference to announce that there would only be a 5% sequential increase, instead of the 40% increase (pro forma) that the company had last quarter? Pretty well answers itself, doesn't it? We would have had a drop in price. What if the company doesn't sell the handset division for as much as investors think it should get? Price drop, of course. However, I think this will be well structured to help the company and the price. What if management can't find a buyer before the end of the year? This would pull down estimated earnings, and the price. Most of the questions you ask, Mike, refer to a key point we all raised at the start. Can management execute? With a couple of minor stumbles, they have been flawless, so far.