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To: Gopher Broke who wrote (13476)2/1/1999 8:54:00 PM
From: Fred Fahmy  Respond to of 13925
 
Gopher,

You need to take a basic course on accounting. The statement about flat revenue (NOT EARNINGS) is relative to last YEAR's Q3 not this year's Q2. Most people believe Q3 revenue will be more like 10-15% down vs 1998. If you use the other guidance they have for marigns and make reasonable assumptions regarding expenses and plug it all into a simple income statement, you get around .30 for the current quarter. That is about 40% below current estimates!!

FF