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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: view who wrote (11653)	8/14/1998 8:13:00 PM
From: view	Read Replies (1) \| Respond to of 14631

Below is the history of analyst's recommendation and earning expectations on IFMX:(from Zack) 11/10/97 1/22/98 3/31/98 5/19 7/21 8/13/98 Strong buy 2 1 0 0 0 0 buy 0 0 1 3 3 3 hold 16 16 12 7 7 8 sell 2 2 1 1 1 1 strong sell 1 0 0 0 0 0 Fy 98 earn est -1.59 -.46 -.09 .03 .13 .18 Fy 99 earn est -.27 0.0 .19 .21 .24 .27 So they have steadily increased their earning estimates for the company, and yet the stock is almost at the same level as Q4 last year when there was a question of them getting delisted, running out of money, losing customers, and loosing key management positions. Since then they have made improvements in every area. they will announce a VP of sales for Europe. Company said that revenue will increase in both Q3 and Q4 over last year and over the 1st half of this year. So why is it sinking? I have no clue. Disclaimer: I am not a software specialist. My expertise is in Semi so there may be some dynamics in DB business which I do not understand.