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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (5400)	1/18/2001 10:28:04 AM
From: Tom Hua	Respond to of 19633

Paul, EFNT has been infected with cancer. The company projects current quarter rev to be similar to the last just reported. As you know, they blamed the decline last quarter on 2 major customers failing to place orders. While rev from the rest of the customers increased by 25%. Now, this quarter is flat. In other words, the 2 major customers do not return with orders (I think they left for good) and other existing customers are buying less. And what will happen to the $90 million in inventories (up from $30 million in the Sept quarter)? Write-off of course. All the bad signs are there. Regards, Tom