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

To: Rob Preuss who wrote (474)	2/25/1998 6:15:00 PM
From: jeffbas	Respond to of 1250

Rob, I guess that I am sorry that you had such a thorough and complete conversation with Greenlaw in January where he was so comfortable with the estimates. I would now have been out of this position without that reassurance. Note that based on the release, "the associated adjustments MAY affect the full year profitability of the Corporation". This suggests that the worst case scenario is some modest loss, not the worst thing in the world. Furthermore, if what he told you in January is the case, it may not be necessary to expect worse results in 1998 because of it - except for added interest costs on the cost to replace whatever inventory was not insured. However, credibility is the thing that seems most damaged by last quarter and this current affair.