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Technology Stocks : Itron (ITRI) - wireless utility meter reading -- Ignore unavailable to you. Want to Upgrade?


To: Arrow Hd. who wrote (171)2/3/1998 12:46:00 PM
From: Daniel Johnson  Read Replies (1) | Respond to of 202
 
I don't think anything significant happened for Itron at the conference. At least, the stock price lost about 2 bucks at the time.

A bounce would be nice. The lowest ever price of ITRI is not much below where we are at now. I am hopeful that short sellers will start buying back shares and lift the stock a bit.



To: Arrow Hd. who wrote (171)2/3/1998 9:42:00 PM
From: Daniel Johnson  Read Replies (2) | Respond to of 202
 
4th quarter earnings came in at 0.22/share, a few cents better than expected. That should give the stock price a good lift. Itron's profit of 2.3 million for the quarter dwarfs Cellnet's 3rd quarter revenue figure of 1.5 million (that's revenue for Cellnet, not profit). CNDS is near $10/share while ITRI is $16/share. So, given where CNDS valued, I'd expect ITRI trade higher.