Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Optimal Robotics Corp. (OPMR) -- Ignore unavailable to you. Want to Upgrade?

To: J_W who wrote (268)	7/28/2000 1:10:01 PM
From: Sir Auric Goldfinger	Respond to of 325

Keep laughing, pretty boy: "DJ Opitmal Robotics Stk Sliding Despite Solid 2Q >OPMR 7/28/0 13:7 (New York) By Stuart Weinberg Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Shares of Optimal Robotics Corp. (OPMR) are declining for the third straight day despite the release of strong second-quarter results after the market close Tuesday. Optimal reported net income of 11 cents a share, in line with First Call Thomson/Financial estimates, and up from 5 cents a year earlier. Revenues rose to $16.1 million from $7 million. Raymond James analyst Chris Quilty told Dow Jones that Optimal is trading at a high multiple in a bearish market. "When stocks are selling at a premium, they're more susceptible to volatile markets," he said. Still, Quilty speculated that there may be more to the decline than meets the eye, as Optimal is down 26% since the close of Nasdaq trading Tuesday. In Friday trading, the stock is down 3 1/4, or 11.2%, to 25 3/4 on about 218,000 shares. "There's a possibility that something's wrong with the company," Quilty said. "I cannot point to something in the company's fundamentals that would cause the stock to sell off to this degree." Optimal chairman Neil Wechsler said all is well with the Montreal company, which makes point-of-sale transaction systems. "I don't have the answer (as to why the stock is declining), but business is in good shape," he said.