SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (13940)5/26/2000 8:53:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
On Death and Dying...in Tech Stocks - an opinion:

Message 13779396



To: Justa Werkenstiff who wrote (13940)5/26/2000 3:18:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
Market is killing MSFT again. Hard to imagine any rally with MSFT getting hammered. Test of 3174 closing had been on target today today until MSFT started to fade. Stll time as I write.



To: Justa Werkenstiff who wrote (13940)5/27/2000 12:21:00 AM
From: Ken Brown  Respond to of 15132
 
The Delray Beach, Fla.-based company said slow comparable retail store sales in the month of May, greater weakness in foreign currencies, and cost savings efforts that have been taking longer to implement than expected are seen to depress second quarter earnings to 4 to 6 cents per share, well below the 24 cents per share analysts consensus estimates quoted by First Call/Thomson Financial, a research company that tracks forecasts.

I suppose this could account a bit for the huge haircut ODP received today. My point? The actual press release, AFAIK, stated "4 to 6 cents below analysts consensus estimates of 24 cents", not "4 to 6 cents, below estimates of 24 cents". Amazing how much difference a comma (or lack thereof) can make!

I suspect there might be a bit of a pop come Tuesday morning; by that time everyone should have figured out there was no comma in the release. Too bad I didn't find out until after the market closed.

Ken