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Technology Stocks : AFCO: Applied Film, Undiscovered Gem? -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (162)	3/25/2002 9:27:50 AM
From: The Ox	Read Replies (1) \| Respond to of 238

Applied Films warns of Q3 miss --7:10am - By Tomi Kilgore Applied Films (AFCO) warned that fiscal third-quarter results would fall short of expectations due to the continued downward pricing pressure in its coated glass business and delays in capital spending by two customers. The provider of equipment for flat panel displays said revenue for the period is now anticipated to be $30 million to $32 million for the quarter ending March, while analysts surveyed by Multex are currently forecasting revenue of $38.5 million, on average. The company added that losses for the period, excluding the amortization of intangibles, of 2 to 6 cents a share, versus analyst forecasts for a profit of 12 cents a share. The stock closed Friday up 60 cents at $27.