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: DD™ who wrote (518)	2/26/1998 1:49:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

I really dislike this Reuters report. The information is true but misleading because its presented out of context. The analyst estimates they cite were developed long before this recent announcement of an inventory shortfall but they report the estimates as if they were developed in response to the shortfall. Also, why don't they report the analysts earnings estimates for 1998? This is poor reporting. +++++++ Wednesday, February 25, 1998 05:17 PM HUDSON, Mass., Feb 25 (Reuters) - Electronics services provider ACT Manufacturing Inc Wednesday said it has postponed reporting its fourth quarter and annual financial results. Internal accounting identified a "significant shortfall in the inventory," the company said in a release. This is expected to have a "material impact on the operating results," the company said. "Depending upon the insurability of this shortfall, the associated adjustments may affect the full year 1997 profitability of the corporation," the release said. This development has not affected the company's performance, deliveries, or outlook of future customer service, the release said. Analysts predict the company will report $0.05 per share earnings in the fourth quarter, down from $0.36 a year ago, according to First Call. Analysts also expect annual results will weaken to $0.74 earnings per share in 1997 from $1.12 in 1996. ++++++ Here's the foolish report (at least its not misleading)... The Motley Fool - February 26, 1998 11:58 February 26, 1998/FOOLWIRE/ -- Contract circuit board manufacturer ACT Manufacturing (Nasdaq: ACTM) sank $4 15/16 to $12 1/32 after it postponed the announcement of its Q4 and fiscal 1997 earnings because it had identified a "significant shortfall" in its inventory. Depending on the "insurability" of the shortfall, the company said the related adjustments might affect profits.