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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (396)	1/16/1998 4:50:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

I'm really annoyed. No news from this company in months and Doug Greenlaw (CFO and the guy who handles all their investor relations) never returns my calls... I've been trying to reach him since early December! Perhaps we all should try to reach him [Doug Greenlaw 978-562-8099] and ask if they're still comfortable with the statements they made last October. Specifically, their press release (Post 261) quoted CEO John Pino: Message 2521361 >''We have and will continue to take the appropriate management >actions to reduce costs, balance resources, and restructure the >organization to meet the needs of our customers. We expect to >return to a profitable level of operations in the fourth quarter >of 1997 and to historical levels of profitability in 1998. We >are continuing our strategy of diversification of customers, markets, >and geography, and remain excited about the future and look forward >to the continued addition of new customers as well as the expansion >of business with our existing customers.'' and during the associated conference call they stated (Post 260): Message 2521031 > + 1997 revenues are expected to be around $265-275M > with a growth rate of about 30% thereafter. Gross > margins are expected to return to the 12% level and > SG&A expense is expected to return to around 4% of sales. I'd also like to know if they're comfortable with analysts estimates of earnings. Zacks gives this as: Consensus Estimate for Current Fiscal Year ( 12/97 ) $ 0.74/sh Consensus Estimate for Next Fiscal Year ( 12/98 ) $ 1.28/sh Consensus Estimate for Current Quarter ( 12/97 ) $ 0.08/sh while they've already earned $0.69/sh for the first 9 months of FY97. Rob