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

To: terry murphy who wrote (431)	6/22/1998 11:18:00 AM
From: Grantcw	Read Replies (1) \| Respond to of 475

Terry, You may be right that we haven't found a bottom yet. I wouldn't be surprised to see a pullback to 9 soon though because we've sufficiently broken enough to a new low to warrant one. I don't believe the stock price reflects the fundamentals. I think it does reflect the fact that people are uncertain of ORFR's earnings for the next couple of quarters and other people are just disinterested in buying a stock making new lows. Who can blame them? It's my opinion that ORFR's high margins will help them to maintain profitability despite all the current Asian problems. We still aren't sure whether HP's warnings was company specific or reflects the whole sector. The last thing I heard was managment reiterating current year estimates of .80. This was last quarter conference call where he should have known a good amount about the damage caused from Asia. Honestly, I hope this stock goes to 2 so I can positively load up a lot more of my portfolio on an incredible deal. I don't think we'll get there though, darn! Grant