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

To: Ron who wrote (4066)	1/25/1999 1:34:00 PM
From: Snowshoe	Read Replies (1) \| Respond to of 10309

From Briefing.com... 13:15 ET ****** WIND RIVER SYSTEMS INC. (WIND) 34 5/16 +2 1/8. After a much troubling Friday session in which shares of this software tools developer for real-time embedded applications fell 35% on fears that Q4 results would come in below the mark, the stock is receiving a bit of support today, but not enough to overcome Friday's debacle. On Friday, the stock lost more than $17 on concerns that Lehman Brothers was issuing a cautious call on the stock and that it was telling its sales force that the company would miss its quarter. While calls to the company were not returned, it seems that Friday's sell-off was unwarranted in that late Friday afternoon Wind River issued a press release that explained its view on the quarter. According to Wind River, it expects fiscal Q4 earnings to be in the range of $0.27 to $0.30 per share, assuming it can achieve revenues of between $37 million and $39 million for the period. This is pretty much in line with with Wall Street estimates of $0.29 a share, compared to year-ago profits of $0.22 a share on revenues of $28 million. Unfortunately, the damage to the stock has already been done and the issue has only been able to marginally regain its Friday losses. While the company is not scheduled to report results for its quarter ending in January until next month, it seems the concerns over earnings has scared enough investors to prevent any real bounce in the stock. Possibly as the date nears for earnings to be released it may again attract the attention of investors again. For the moment, however, the rebound in the stock is disappointing. It seems that at current prices, the stock represents a good buying opportunity. Unfortunate with Wall Street not making enough noise about the stock, investors remain comfortably on the sidelines.