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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (3057)7/10/2000 10:11:24 AM
From: Jeff Guy  Read Replies (1) | Respond to of 30051
 
Zeev, reentry on ELON @ 50-53 ??? Trades sympathetic to NAZ comp which seems like it will pull back a little.
Thanks.



To: Zeev Hed who wrote (3057)7/10/2000 10:13:47 AM
From: xcr600  Read Replies (2) | Respond to of 30051
 
Well, good thing no one got into TENF, down over 50%--

TenFold sees Q2 shr loss vs yr-ago profit
SALT LAKE CITY, July 10 (Reuters) - TenFold Corp. (NasdaqNM:TENF - news), which provides large-scale e-business applications, said Monday it sees a second-quarter loss compared to the profit analysts were expecting due to a longer-than-expected sales cycle, higher costs and project delays.

The company said in a statement it sees a second-quarter share loss of 3 to 5 cents versus a profit of the 3 cents a share in the year-ago period. It sees revenues of $30 million to $32 million versus $19 million in the year-ago period.

Excluding amortization of assets relating to its acquisition of LongView, the company said it expects to post a loss of 1 to 3 cents a diluted share.

Wall Street analysts were expecting TenFold to earn nine cents a share, according to First Call/Thomson Financial.

Still, TenFold Chief Executive Gary Kennedy said in a statement that the company sees evidence of a large market opportunity for its applications and remains optimistic about its long-term fundamental business prospects."