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Technology Stocks : WTT-Wireless Telecom. -- Ignore unavailable to you. Want to Upgrade?


To: Untouchable who wrote (2190)7/24/1998 11:15:00 PM
From: Richard N Lambert  Read Replies (1) | Respond to of 2426
 
2nd quarter numbers are out. After the bell on Friday....things must be bad.

biz.yahoo.com

Revenues down 50%; a loss of 2 cents; and the scary thing is the backlog is down to only 600,000. Customers are sending products back and WTT is hiring more people. Look for lower revs in 3rd and 4th quarters with greater +10 cent losses.

How do you think the stock will react Monday... Down to $1.50??