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Technology Stocks : Capstone Turbine Corporation (CPST) -- Ignore unavailable to you. Want to Upgrade?

To: Sword who wrote (219)	8/17/2001 12:07:21 AM
From: Sword	Read Replies (1) \| Respond to of 455

I'd like to emphasize that the fuel cell cogeneration capability mentioned in this release is not much different than the primary California market CPST is selling into right now with real products. They would just integrate to the fuel cell any of their cogeneration units. This isn't pie-in-the-sky. The main reason for the drop is 50 million common converting from preferred shareholders now saleable after a huge runup. I figured out that there have been about 100 million shares traded since the July 19th earnings release. My guess is that the selling by those insiders is about done. And guess what Jeff Watts, the CFO said a month ago to the analysts near the end of the conference call? In response to a question about why he was estimating such slow growth in Q4 units when during the last hour there seemed to be a lot of good news to go around, he responded that he and the CEO were purposely guiding down estimates to the bare minimum by only taking into account current channel customers and that they were leaving out all major contracts currently under negotiation or in the proposal cycle. He said they were doing this to ensure that they could give very positive earnings surprises in Q3 and Q4. He told that to the analyst at the end of a 1 hour analyst conference. They were probably all sleeping by then and I'll bet very few investors even heard it. That very important statement never made it into a single press release. Bring on the surprises, Jeff. Especially after the oversold conditions that we are currently seeing. -Sword

To: Sword who wrote (219)	8/22/2001 8:12:16 AM
From: Bocor	Read Replies (1) \| Respond to of 455

Sword, any thoughts on insider action? Have been waiting for some insider buying to appear, yet they are still selling at these prices. Do insiders just "never buy" any more? edit: now I see why they were selling: Capstone Turbine Substantially Lowers Sales Expectations for Third Quarter CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 22, 2001--Capstone Turbine Corporation (Nasdaq:CPST - news), a leading producer of low-emission microturbine systems, today announced that it has substantially lowered its expectations for sales of its 30-kilowatt and 60-kilowatt microturbine units during the quarter ending September 30, 2001 and for the full year 2001. ``We reported in our SEC filing for the second quarter that a large portion of our sales occurred during the latter part of that quarter, and that the trend appeared to be continuing into the third quarter,'' said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. ``We pointed out then that, as a result, it was difficult for us to forecast the level of sales that might occur in the third quarter. So far during the third quarter, we have not yet begun to see a pickup in our order flow like we experienced in the latter part of the second quarter, while sales during the first half of the third quarter have lagged substantially behind those during the first half of the prior quarter. So we are lowering our expectations today accordingly.