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To: peter grossman who wrote (1359)12/17/2000 3:50:25 PM
From: hueyone  Respond to of 1881
 
I wish I could strike my post #1343 from the record. I put the facts of near term slowing growth together with the company reaffirming guidance to draw a conclusion about the rates of EPS quarterly sequential growth. I should not have done this. I also tried to explain to Steve 667 in the last two posts that I made a couple of errors. One error is that I meant to talk about the sequential quarterly EPS growth rate slowing from 54% to 24%, not the revenues. But even this is incorrect, because I was looking at EPS going from 37 to 46 cents per share, which was the analyst's consensus estimate at the time. But the actual company guidance, which I don't believe has changed, is for 48 cents earnings per share. This would indicate nearly a thirty per cent sequential rise in quarterly EPS growth, from 37 cents to 48 cents. This is still an incredible sequential quarterly EPS growth rate!

I am embarrassed about these errors. I don't believe guidance has changed. You can listen to the original guidance here:

www2.marketwatch.com

You can listen to the November 6 AEA conference here:

vcall.com

You can listen to November 29 CSFB conference here:

ssti.com

Click on invesor information and then click on the CSFB presentation. This is very similar to the AEA presentation, but as I recall, Bing explains the slides again, but not exactly in the same wording. I have only listened to this presentation once and did not notice anything alarming.

After listening to and reading all this stuff, you can decide for yourself whether you think the company has hinted of any changes in the guidance or not. Please do not rely on my interpretation.

I am optimistic and tend to look at the numbers the way you do in post #1356. I would also add that even if the company only meets the latest consensus EPS estimates for 2001 at $2.52 EPS as opposed to the company guidance number of $2.90 EPS, SST would still have better than 100% year over year growth and would still be a great value at $13 per share today.

Best, Huey