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To: McNabb Brothers who wrote (2346)12/9/1997 8:23:00 PM
From: Carlson  Read Replies (1) | Respond to of 2806
 
Hank: I recall that you previously iniatiatiated a short position on ECI in the high 20s. I believe your target was to cover in the low teens. Do you still have that position and if you still are what is your price target. Your comments will be appreciated. Do you have any personal earnings estimates for 1998?



To: McNabb Brothers who wrote (2346)12/9/1997 9:33:00 PM
From: Carlson  Read Replies (3) | Respond to of 2806
 
Hank, I just received a fax from ECI this evening. Earnings will be lower than analysts estimates. The earnings projected by the company for this quarter are in the 17-21 cents range. It looks like some of this information may have been leaked out prior to this evening based on the recent price action of the stock.