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Technology Stocks : ORFR-ORBIT/FR -- Ignore unavailable to you. Want to Upgrade?

To: Naggrachi who wrote (325)	3/3/1998 11:59:00 AM
From: Louis Cornell	Read Replies (1) \| Respond to of 475

Zead, we're now up over a dollar this morning. My guess is that 10 1/4 will be the low for the year. This company is rock solid, and doesn't deserve this low multiple. It'll just take some time for Wall St. to wake up. I bought more shares this morning (before the pop) on the positive news. The conference call was very positive. Today's results include a provision for future "asia losses" consisting of 4% of operating margins. Considering the profit Orbit would have realized had it not taken the charge, this is very good news. I would think we can go higher than 13, but we'll see...