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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (5531)	6/28/2001 5:39:56 PM
From: Think4Yourself	Respond to of 23153

Just listened to the PMCS con call about their "earnings update". What a waste of time. The analysts played softball with them and they still wouldn't answer a single question in a straightforward manner. Here is what little I could glean besides the fact that they weren't even going to come close to estimates: 1. Very low turns (everyone has been saying this) 2. Inventory writedown coming 3. Goodwill amortization coming 4. April was slower than last quarter and may/june slower than April 5. They don't recognize revenue when goods are in the channel (the only good news in the whole call) 6. They like the words "July 19" and "We don't know". Both phrases said at least every 3 minutes. Meanwhile stock up big in afterhours on the "better than expected" warning. This market is acting psychotically this week. Either the manic bubbleheads are back or the stock is being manipulated.