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Technology Stocks : Barringer technology (barr) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Scott who wrote (540)	4/22/1998 12:31:00 PM
From: R Sandvig	Read Replies (1) \| Respond to of 652

The latest earnings report does not include the additional 2 million shares. Accounting for those, the earnings are only about 21 cents per share. This may account for the new earnings estimates. In addition, IBD had an article today on the deleterious effects on earnings of issuing "seasoned shares." This secondary will dilute earnings for a long time unless management can act swiftly in increasing the revenue stream. Until now, I guess I really didnt understand how secondaries hurt share performance. That said, I am usually a contrary indicator so stand by for a big up move. ;-)