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Technology Stocks : LHSP: Lernout En Hauspie -- Ignore unavailable to you. Want to Upgrade?


To: A.L. Reagan who wrote (2164)5/10/2000 11:03:00 AM
From: Boplicity  Read Replies (1) | Respond to of 2467
 
Thanks AL. QQQ has dropped nearly 4% today it's low was 78 range so you 10% drop looks about right for a retest of the April low.

Greg



To: A.L. Reagan who wrote (2164)5/10/2000 7:51:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 2467
 
Any thougths,,,alleged LHSP channel stuffing...
<< Was That Really a Blowout at Lernout?
By Herb Greenberg
Senior Columnist
5/10/00 6:30 AM ET


Wednesday wallop:

Lernahooligan alert: Lernout & Hauspie (LHSP:Nasdaq - news - boards), since you didn't ask, reported first-quarter earnings last night. Looked like a blowout, with earnings coming in at 19 cents per share vs. estimates of 15 cents. (So what if the estimates had been reduced in February, at the company's direction, from 22 cents.)
Receivables days outstanding leaped to 105 days from 86 days on flat sales from the prior quarter, suggesting (so say short-sellers) an overstuffed distribution channel. Receivables, in fact, rose by $24 million (or just shy of one-quarter of the entire quarter's revenue). Without the increase, "earnings would've been 3 cents per share," one short says.>>