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Technology Stocks : KEMET Corp. -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (226)7/24/2000 4:34:36 PM
From: SJS  Read Replies (2) | Respond to of 906
 
After telling folks it would be 50% higher than original concensus estimate, they beat the revised by 23%.

That's a good reason for someone to dump millions of shares, isn't it?

Either they're a bunch of dummies, or we are. You dream about companies that can do this.....and pray you're long beforehand.

0ver 30 tomorrow? Any other stock I'd say yes it would go over 35! With KEM, we're in the twilight zone...

Steve



To: The Ox who wrote (226)7/24/2000 4:44:54 PM
From: Ken Hermsen  Respond to of 906
 
Here are the original estimates as published June 13, 2000. So actually we have an 85% gain which is way better than 50%. New PE is below 17!

Kemet Announces Strong Expected First Quarter Results
GREENVILLE, S.C., June 13 /PRNewswire/ -- KEMET Corporation (NYSE: KEM - news) announced today that it currently expects to exceed current First Call analysts' expectations ($0.485 per share) by at least 50%.

David E. Maguire, Chairman and CEO of KEMET, stated, ``Business continues to be strong this quarter, as we expected. Our capacity remains sold out well into the future, even after taking into account our aggressive capacity expansion plans. We have also continued to see price increases throughout our product lines.''

KEMET plans to announce fiscal year 2001 first quarter earnings on July 24, 2000.