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Technology Stocks : Diamond Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: Kashish King who wrote (3538)	4/9/1998 4:26:00 PM
From: PACKRATCAT	Read Replies (1) \| Respond to of 4679

Diamond Multimedia Dn -2:Analysts Saw 2Q Pressures-Analyst By Charlene Oldham NEW YORK (Dow Jones)--Shares of Diamond Multimedia Systems Inc. (DIMD) suffered recently from the overblown first-quarter earnings expectations of some hedge fund managers, said one analyst. Shares were recently trading at 12 3/4, down 1 7/8, or 12.8%, on volume of 6.6 million compared with an average daily volume of 1 million. "There was probably a disconnect between what was expected on the analysts' side and the side of the big-money hedge funds," said Lenny Brecken, an analyst at CIBC Oppenheimer Corp. Diamond Multimedia Systems earned 22 cents a diluted share on sales of $186 million in the first quarter, compared with a loss of 17 cents on sales of $112 million a year ago. Those numbers handily beat First Call Corp.'s consensus view of 19 cents a share, but fell short of some whisper numbers, Brecken said. Some Wall Streeters expected sales as high as $200 million, he said, adding that those numbers were unrealistic. Brecken, who carries a buy rating on the stock, expects the San Jose, Calif., concern to continue beating analysts' expectations, even though the company predicted some pricing pressures in the second quarter. Diamond Multimedia Systems said it expects some pricing pressures related to new product introductions. The company will have to clear out small inventories of its older 3-D mother board to make room for the new model, Brecken explained, adding the effect was expected and has been factored into analysts' earnings models. Brecken estimates the company will earn 19 cents a share in the second quarter and 82 cents for the year. First Call's estimate puts second-quarter earnings at 12 cents and year-end earnings at 70 cents a share. Diamond Multimedia Systems lost $1.29 a share in the second quarter of last year. "Dow Jones News Service" "Copyright(c) 1998, Dow Jones & Company, Inc."

To: Kashish King who wrote (3538)	4/9/1998 7:53:00 PM
From: BULL	Read Replies (1) \| Respond to of 4679

Rod, <<I seem to remember you were crowing about how wrong I was about DIMD and that my negative outlook on RACE a buy signal. BULL, you are the single worst stock picker on I've ever encountered >> I have asked you to stop posting to me since I don't care to respond to your garbage... but you insist on dreaming up these fantasies that you are the greatest and everyone else is stupid. There is no one more pathethic than you are Rod. Regarding DIMD, I had picked 1000 shares of DIMD at 7 1/8, which I have sold most of my shares between $14 and $16. I still hold 200 shares. Yes it dropped today, but it is not the end of the world. Regarding RACE I always assumed it to be a speculative buy, I had bought at 11 and sold at 15. Second time around was not pretty. RACE never exceeded 1.5% of my portfolio, and I still hold 400 shares. Ya I feel bad that it was a bad pick, but again it is not the end of the world. YOU CANNOT WIN ON EVERY PICK. My portfolio has grown from 300K to 400K since end of last year. I guess picking lucent at $74 in the past two months was stupid (post split at 70), ANET at 7 1/4 (now over 13), LGND at 11 1/8 (now at 16), SIII at 5 1/16 (now at 6 1/6, I have sold a large portion at higher prices), AKLM at 3 3/4 (now at 6 5/8). XYLN average price $16 (now at 26 11/16).... If that is pathetic I guess I would like to know your record. I am very happy with my record... How about you? What stocks have you picked as winners. Your posts are really negative... someone must have really screwed your brains... GET A LIFE...and no need to respond to this message.