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Technology Stocks : Digital Equipment Corp. (DEC) -- Ignore unavailable to you. Want to Upgrade?


To: Joseph Pareti who wrote (2721)1/15/1998 11:28:00 AM
From: Joseph Pareti  Respond to of 3276
 
oops I have overlooked:

"excluding asia/pacific product revenue grew in double
digits in constant currency, while
the growth in service in constant currency
was 6%, the best growth in many years "
Vincent j. Mullarkey - CFO -

apologies for the confusion :-)



To: Joseph Pareti who wrote (2721)1/15/1998 1:56:00 PM
From: stock bull  Read Replies (1) | Respond to of 3276
 
Reference the press release that went out this morning. The one I have is from Reuters. From the press release: "Excluding results from the Asia-Pacific region, product revenues grew "in double-digits in constant-currency," and growth in services was 6 percent."

Just heard on CNBC that DEC announced they were not comfortable with this quarter's earnings estimate, and total the analysts to lower the number. I think they said the estimate was 54 cents, and said it will be more like 46 cents. I'm not sure of the figures that I just posted, can anyone confirm them?

DEC's stock is dropping based on the announcement. Just can't figure out how this company "handles" the street. It seems that Palmer just doesn't want to see the stock move up. CNBC said one of the analysts estimates that the value of the company, on a take-over, would be $70/share. Hell, lets sell the company.

Stock Bull