Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EFII - Electronics for Imaging -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (547)	12/16/1997 6:58:00 PM
From: Larry Garrison	Read Replies (1) \| Respond to of 1460

Optimism? Just look at these guys Pres&CEO efi.com ExecVP efi.com VP efi.com VP efi.com Notice that they are all smiling!!

To: WTSherman who wrote (547)	12/16/1997 7:47:00 PM
From: Mark A. Forte	Read Replies (2) \| Respond to of 1460

Some of us are just looking for the dead cat bounce. I think the bounce could take it to 16. Then who knows. The fund influence is tremendous here. Funds like this kind of bounce. These opinions are my own. Mark A. Forte Mgr of the Forte Fund.

To: WTSherman who wrote (547)	12/16/1997 8:42:00 PM
From: Holyman	Read Replies (1) \| Respond to of 1460

Norm and GWM: Here is one reason to be optimistic: Earnings: Canon Expects Record High Pretax Profit In FY98 TOKYO (Nikkei)-Canon Inc. expects parent pretax profit in the year through December 1998 to climb 10% above its forecast of 145 billion yen for this fiscal year, to a third straight record high of about 160 billion yen, company sources said. Fiscal 1998 sales are projected to climb to 1.63 trillion yen, 7% above a fiscal 1997 forecast of 1.52 trillion yen. This represents a slight slowdown from this year's 9% revenue growth, reflecting the depressed domestic economy, the sources noted. Copier sales, expected to rise at least 20% this year, are seen going up 10% next term. Sales of bubble-jet printers should recover as the firm introduces new models. Camera sales should continue double-digit growth next year thanks to robust sales of the IXY model. Although sales are expected to jump next year, profit is seen rising only slightly, barring forex fluctuations, due to intensified global price competition. The company calculates an average exchange rate of 125 yen to the U.S. dollar next year, compared with about 120 yen this year. This alone would contribute some 10 billion yen to operating profit, which is forecast to climb 8% to 170 billion yen. Canon's reduction of interest-bearing liabilities should improve its balance of interest/dividend receipts minus payments. Pretax profit is expected to increase at least 10%. nikkei.co.jp God Bless