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Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?


To: William Wang who wrote (3614)7/2/1998 10:22:00 AM
From: Dennis R. Duke  Read Replies (1) | Respond to of 5058
 
That could be but the following won't help much:

RDRT: NATNBK MONT.SEC decreased estimate for fiscal year
ending 09/98 from $-1.93 to $-2.52 on 06/30/98
RDRT: NATNBK MONT.SEC decreased estimate for quarter ending
06/98 from $-0.57 to $-0.99 on 06/30/98

I am not too pleased by Zack's service giving the increased growth estimate yesterday and the revised earnings estimate today. I have a trial running with them and this looks like they like to drop the other shoe.

On the other hand NBMS is estimating a loss of $2.52 this year and a profit of $.22 next year. Since this represents a worsen of the current year and an improvement to their '99 estimate, the 25% growth rate appears in line and I am expecting a good CC that explains NBMS's improved feelings about RDRT.

Dennis