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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Stan Walker who wrote (2508)	12/12/1997 4:12:00 PM
From: Snowshoe	Read Replies (1) \| Respond to of 10309

Stan, WIND has many customers. How significant is EFII? I think today's drop is more related to the general technology weakness across the board. But here is the news on EFII, which illustrates the problems some companies are having. From Briefing.com... 08:55 ET ****** ELECTRONIC FOR IMAGING INC. (EFII) 39 CLOSED. This designer and marketer of color servers to enable color printing, including application and system software to facilitate color correction and device-independent color is expected to feel the wrath of the market this morning after the company said that it expects a major 4Q shortfall in earnings and revenues. According to EFII, revenues for the quarter are projected to come in around $60 million, 44% below its 3Q level of $107.32 million and 33% below year-ago 4Q level of $90.197 million. Excluding charges, the company also expects to report a 4Q operating profit of $0.06 a share, well below the First Call estimate of $0.49 a share. According to the company, 4Q results are expected to be down significantly due to a few OEM customers in Japan reducing inventories due to market weakness. The company said that it is dependent on the actions of a few of its OEM customers, particularly Canon, Ricoh, and Minolta, but delays in new purchases and aggressive reductions of inventory levels are going to create havoc with its results. The company is also in the middle of a product transition, but this will take time and is not expected to salvage what appears to be very disastrous period for the company. In the preceding 3Q, EFII earned $0.43 a share, while it had a profit of $0.36 in the year-ago 4Q period. Given the bad news being issued by this color printer concern, the stock is currently quoted around $15 a share, more than 61% below yesterday's closing price.