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To: Starowl who wrote (3046)7/22/1998 11:05:00 AM
From: Investor2  Respond to of 5944
 
Re: "First CFO Hansen and now the Treasurer, both long time employees and the money managers. Probably not useful to draw any major conclusions from these departures, as I really don't know what motivated either to go."

Is it too late to lower my earnings estimate from $0.02 per share to something really dreadful?

Best wishes,

I2



To: Starowl who wrote (3046)7/22/1998 12:49:00 PM
From: jelrod3  Read Replies (2) | Respond to of 5944
 
Starowl: The conclusion to be drawn is obvious - the "rats are leaving a sinking ship."

This is the only reasonable conclusion to be drawn where 2 long time, highly placed executives have departed back to back; the stock is down from 54 to 12 in 8 months; several lawsuits have been filed against the company claiming all sorts of securities law violations and failure to disclose information; and the company is faced with rather dismal earnings prospects for the future.

Heaven only knows how much worse it is going to get, plus earnings tomorrow and/or negative future guidance could push the stock into the single digits.

No matter how you cut it, this ain't good. Regards.



To: Starowl who wrote (3046)7/22/1998 5:44:00 PM
From: The Philosopher  Read Replies (3) | Respond to of 5944
 
Rats deserting a sinking ship? Or sacrificial lambs being tossed to the wolves? The two top financial people leaving virtually simultaneously can't be coincidental, but it's hard to know what the significance is. Three months ago the buzz on the thread was wait six months for the stock to recover. Now the questions are:

a. Will it recover at all in the next several years?
b. If yes, to what level?
c. And if yes, how long will it languish before making a significant move (say to above 16)?