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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Bruce L who wrote (4002)8/10/2000 12:18:35 AM
From: kolo55  Respond to of 4140
 
Sell-off occured after CEO appearance on CNBC.

At about 1:30 ET, the CEO, Russell Trenary III, appeared on Power Lunch on CNBC. IMO he didn't handle the interview well. CNBC asked all the tough questions, and it was clear that Trenary didn't have the interview planned out going in. CNBC used questions from e-mails, and he didn't handle the "Temporary" labeling Q well. The eye doctor on the V-call conference call this morning handled it much better. Also Trenary didn't compare the LTK launch to the lasik launch... big mistake. Viewers weren't able to understand what 31 orders in the first month really meant.

In the long run it won't matter. This company is on track to record $12-15 million in revenues this quarter, and will likely go cashflow positive. Eventually the market will realize the real value of this business.

Paul