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Technology Stocks : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?

To: eagle who wrote (1269)	3/10/1998 10:51:00 AM
From: esecurities(tm)	Read Replies (1) \| Respond to of 2443

>>[Koski] said that there is some seller out there driving the price down Winningstad? that would be good...will check SEC insider trading

To: eagle who wrote (1269)	3/12/1998 11:34:00 PM
From: esecurities(tm)	Respond to of 2443

Thanks for the update eagle.

To: eagle who wrote (1269)	4/2/1998 11:50:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 2443

Why this news also makes no sense:Comment and analysis. The Company Release. Thursday April 2, 6:18 pm Eastern Time Company Press Release ThrustMaster Expects First Quarter Loss HILLSBORO, Ore.---April 2, 1998--ThrustMaster, Inc. (NASDAQ:TMSR - news),"... today announced that it expects a loss for the quarter ended March 31, 1998. ''Revenue for the quarter is expected to be comparable with the first quarter of last year, lower than anticipated,'' said Stephen Aanderud, President and CEO of ThrustMaster. ''The failure of a number of expected significant orders to materialize very late in the quarter coupled with significantly higher than expected returns of merchandise adversely affected results, and the Company expects a loss of approximately $0.20 per share for the quarter.'' ''We are analyzing the reasons for the unexpectedly large returns,'' Mr. Aanderud continued. ''A number of factors appear to be involved, including the development of a retail channel whose customers return our products at higher rates than we have historically experienced and higher than average rates of return of our Millennium 3D Inceptor joystick product introduced in 1997. The Company also encountered design and manufacturing problems in its Formula 1 Racing wheel, which we believe have been corrected, but which affected our results.'' Millennium returns from Q1 Millennium shipments? Wrong. There was existing Millennium product on the shelves from Q4, If there were known problems and ora known slow moving Millennium they simply would not be reordered in Q1...Formula 1 (like the alleged Millennium problems) are old news yet Koski reported through Eagle, as of March 6, 1998, $.07 eps was on target...no mention of any Millennium problems, inventory returns problems, Formula 1 problems... The Company will announce first quarter final results later in April..." Aanderud just threw a hand-grenade into his shareholder base and just as quickly retreats ("Everything stinks, see ya") and then suggests he will address the situation later in April!?...and without any intimation of being on target for Q2 or even with a Q2 loss we anticipate meeting existing analyst's consensus pursuant to optimistic [Sauer] Console sales [otherwise why would they ever have secretly hired away a SEGA/CONSOLE point man to capitalize on this huge market?!]...no, drop the bomb and retreat...with no accountability... AS A MATTER OF RECORD we contacted Stephen Aanderud's office directly at appx 4:30 PM PST. We spoke with Kathy Luckie. He was there with Mr. Koski but both 'became unavailable'. We stressed the urgency and critical nature as major shareholders of (NASDAQ:TMSR). We also advised Ms. Luckie that in the event Mr. Aanderud or Mr. Koski could not get back to us for any reason tonight to for her to call back and confirm when they could be reached later tonight or tomorrow morning. We backed this up with direct email to Stephen Aanderud, Kent Koski and Kathryn Brandeberry. We have not heard from ThrustMaster, as of 8:50 PM PST...Looking at this even closer, the biggest and most frequent complaint against Aanderud and Koski [from insiders including Cruttenden, ex-employees, et al] is that they are too conservative...Mr. Koski and Mr. Aanderud are accountants, controllers, and have been their entire professional life. So, how does this, a Q1 accounting problem, manifest itself in early Q2 and as something unforeseen?..it doesn't...we believe given the facts, the timing of the release, the fact at this time insiders still control over 50% of the outstanding shares, Aanderud and Koski's consistent patterns 'mission' to [go out of their way to] remain silent and unaccountable, something, very simply, is up and it stinks...pursuant to the issues of facts and plain old common sense.