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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Sjp who wrote (3943)	1/22/1999 6:13:00 PM
From: mac	Respond to of 10309

From thestreet.com: ------------------ Shares of software company Wind River (WIND:Nasdaq) slid steeply on talk fourth-quarter revenue will fail to beat analysts' expectations. Credit Suisse First Boston analyst Mike Kwatinetz wrote in a research note, "We expect Wind River to report 28 to 30 cents, versus our estimate of 29 cents. This quarter appears to be more back-end loaded than typical for Wind, and revenue is likely to come in at or slightly below our $38.6 million forecast." CS First Boston has no underwriting relationship with Wind River. The Alameda, Calif. company, which helps companies develop embedded software, says its fourth-quarter earnings are due Feb. 25. First Call's consensus estimate from also projects earnings of 29 cents per share. But Kwatinetz said "the stock appears to have already overdiscounted this news," and maintains a strong buy on the stock. He said he is also keeping his fiscal year 2000 earnings-per-share estimate of $1.16 unchanged. That forecast is a penny below First Call's consensus. Wind River shares ended down 17 1/4, or 35%, at 32 3/16, after hitting their lowest level since early October. Volume was heavy, with 8.5 million shares changing hands.