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Technology Stocks : Equinox Systems (EQNX) -- Ignore unavailable to you. Want to Upgrade?


To: coopie who wrote (215)12/12/1997 7:01:00 PM
From: Capitalizer  Read Replies (2) | Respond to of 765
 
Coopie and all,

My conservative estimate is $.35, but I would only be a little surprised (and pleasantly that is) to see $.39. They have been extremely quiet with sales wins though, so who knows what will happen.

I've owned EQNX, but do not currently. The unfortuante reality is that country crises do not end in a few weeks or a few months. Given that only a handful of companies have announced earnings warnings because of SE Asia, I can only gather that this is a foreshadowing for many more toward the end of this year and early next year when the majority of warnings come out. The reality is that many Asian companies are also probably avoiding delaying orders, but may be forced to in coming weeks/months when they realize they can't raise any money for operations (like Hyundai recently.)

The beauty of the stock market is that it is based on the future. And, as soon as the future is fully priced into the market (or even mostly), then I will get back in this one and a couple of others I already have on my list. My thoughts are that there is more coming first and small companies like EQNX, despite its high quality, get hit harder and longer.