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Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (32)	7/29/2001 11:16:57 PM
From: 2MAR$	Read Replies (1) \| Respond to of 238

CPST ( $19-$12 )loss estimate widened -$10c vs $5c NEW YORK, July 20 (Reuters) - Merrill Lynch said Friday it was widening its estimate of Capstone Turbine Corp.'s (NasdaqNM:CPST - news) 2002 results from a 5 cent per share loss to a 10 cent loss because of higher research and development costs and unit ramp timing. ``Capstone reported a 13 cent loss Q2 last night; a bit bigger loss than we had been expecting, but not significantly out of line,'' said Sam Brothwell in a research note. Brothwell said the micro-turbine manufacturer's second quarter had been helped by the power shortages in California, high natural gas prices and utility rates, but ongoing sales growth would likely be in increments of ten units, rather than hundred units, unless one of the big contracts under negotiation comes through. Brothwell said Capstone remains a solid tech holding, but sentiment is against the sector right now given lack of power crisis ``events.'' Shares of Capstone slumped $2.24 or 13.18 percent to a 52-week low of $14.75 in early trade on the Nasdaq.