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Technology Stocks : RGFX Raster Graphics -- Ignore unavailable to you. Want to Upgrade?


To: Richard Haugland who wrote (499)2/4/1998 6:05:00 PM
From: Richard Haugland  Read Replies (1) | Respond to of 593
 
Raster Graphics, Inc. Adopts Stockholder Rights Plan

biz.yahoo.com

RGFX apparently trying to avoid a takeover, which IMO is perhaps the only thing that would make the stock's price go UP now.

Also a second downgrade today:

RESEARCH ALERT - Raster Graphics

LOS ANGELES, Feb 4 (Reuters) - Hambrecht & Quist on Wednesday said it cut its rating on shares of Raster Graphics Inc to hold from buy following the company's report of fourth quarter earnings.

-- cut 1998 earnings estimate to $0.32 a share from $0.50 a share and 1998 revenue estimate to $68.9 million from $73.88 million.

-- cited poor visibility in weak U.S. and Asian markets, unusual and unresolved accounting issues and an awkward sales channel structure as reasons for the cuts.




To: Richard Haugland who wrote (499)2/7/1998 6:09:00 PM
From: Robert T. Quasius  Respond to of 593
 
Prudential also lowered their earnings estimates, according to Zacks. Not much consolation for us hapless longs.

RGFX: PRUDENTIAL SEC. decreased estimate for fiscal year
ÿÿÿÿÿ ending 12/97 from $0.33 to $0.27 on 02/04/98
RGFX: PRUDENTIAL SEC. decreased estimate for fiscal year
ÿÿÿÿÿ ending 12/98 from $0.45 to $0.35 on 02/04/98
RGFX: PRUDENTIAL SEC. decreased estimate for quarter ending
ÿÿÿÿÿ 03/98 from $0.10 to $0.06 on 02/04/98
RGFX: PRUDENTIAL SEC. decreased estimate for quarter ending
ÿÿÿÿÿ 06/98 from $0.12 to $0.08 on 02/04/98
RGFX: PRUDENTIAL SEC. decreased estimate for quarter ending
ÿÿÿÿÿ 09/98 from $0.11 to $0.09 on 02/04/98