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Technology Stocks : Lason(LSON)-Interesting Turnaround Candidate??? -- Ignore unavailable to you. Want to Upgrade?


To: PawPr who wrote (7)12/20/1999 7:18:00 PM
From: Big Dog  Read Replies (1) | Respond to of 28
 
From the Motley Fool:

"Records and document management outsourcer Lason Inc. (Nasdaq: LSON) shed $11 7/8 to $11 1/16 after warning that a Y2K-related spending slowdown by clients will lead to Q4 EPS roughly 31% to 38% below the $0.61 that the firm said analysts had been anticipating. The company also said it will discontinue certain non-Internet enabled business areas as part of a repositioning of the firm, which will result in fiscal 2000 operating EPS $0.60 to $0.80 lower than previous estimates. At least six analysts downgraded the stock today."



To: PawPr who wrote (7)12/20/1999 7:45:00 PM
From: MIKFREE  Respond to of 28
 
This is a perfect example of extreme selling on news which, although bad, does not warrant such an extreme sell off. The market overreacts and sells like mad, and the smart people get in and wait for the market to gain their sanity and bring the stock back to a more realistic price.
I do feel sorry for those who were in it yesterday though (OUCH).
On the other side, congrats to yesterday's shorts!