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Technology Stocks : DII Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Creditman who wrote (1643)	6/5/1998 12:42:00 PM
From: Asymmetric	Read Replies (2) \| Respond to of 1845

From Briefing.Com 12:05 ET ****** DII GROUP INC (DIIG) 15 1/4 -2 9/16. "D I I's 1997 financial performance, coupled with continued industry strength, make us believe that D I I should meet the 1998 street consensus of slightly over $1 billion in revenues and diluted earnings per share in the $1.70 plus range." (Jan. 22, following report of Q4 and FY97 results). "...we are expecting sequential quarterly earnings growth of more than 50 percent in the second quarter." (April 15, after company reported Q1 net of $0.25 a share). Today, the provider of value-added electronics design and manufacturing services is warning investors that it sees both Q2 and Q3 results coming in below analyst expectations. The sequential improvement in earnings that was projected in April at 50% is now expected to flat at best (company forecasting $0.23-$0.25). If you are, or were, a shareholder in this company, you are not the only one who was taken in by the company's flawed forecasts. A Zacks survey indicates that Wall Street analysts were expecting the company to earn $0.40 a share for Q2, or 60% more that it made in Q1. As for Q3, DIIG is projecting a modest improvement from the Q2 level versus the $0.41 a share analysts were projecting. Given the company's inability to even come close to hitting the mark with its forecasts, one would think that it would shy away from making near-term forecasts. Not DII Group. According to the company, the "outlook remains strong for the fourth quarter and next year." Yea, whatever.