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 : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Yong Bradley who wrote (6193)	1/15/1998 5:39:00 PM
From: Hockeyfan	Read Replies (2) \| Respond to of 26039

Kessler reduces EPS Estimates Kessler notes that the Chicago Sun Times reported a $9.2 million contract was awarded by Cook County to NEC to install new fingerprinting and mugshot systems. Kessler claims that this contract was supposed to have been awarded and shipped in 2Q97, therefore he is lowering his 2Q97 estimate from 5 cents to 2 cents. Kessler was so upset by this slippage that he is assuming that all future contracts will slip or that IDX will not entirely make up the earnings shortfall. Kessler lowered his FY98 EPS estimate from 24 cents to 18 cents and FY99 from 40 cents to 33 cents. The street mean estimates are now 20 cents and 33 cents for the next two years. Despite reducing his estimates, Kessler believes that calendar 1998 could be the year that biometrics breaks into ATM, credit card and other commercial applications.