Zeev's Turnips Patch-No Politics (ZEEV)

[snp]

why do these guys make statements like that!

16:22 ET Lexar Media misses by $0.01, guides EPS below consensus, revs higher (LEXR) 15.45 -0.60: -- Update -- Reports Q1 (Mar) earnings of $0.11 per share, $0.01 worse than the Reuters Research consensus of $0.12; revenues rose 201.4% year/year to $164.7 mln vs the $141.1 mln consensus. Company sees Q2 EPS of breakeven to a slight profit, consensus is $0.12, on revenues of $190 mln, consensus is $155.7 mln. For Y04 sees EPS of $0.60 vs consensus of $0.64 on revenues of $800 mln, consensus $681.85 mln. "After several quarters of relatively stable average selling prices, second quarter price declines will be sizeable. These declines are occurring a quarter sooner than anticipated given the current supply environment in the flash industry".

16:21 ET Lexar Media tumbles to $14 as co issues disapointing EPS guidance (LEXR) 15.45 -1.60: -- Update -- "After several quarters of relatively stable average selling prices, second quarter price declines will be sizeable. These declines are occurring a quarter sooner than anticipated given the current supply environment in the flash industry"... Shares of SNDK are extending losses on the day in reaction to the LEXR qtr/guidance -- SNDK currently down another 0.30 after falling 4.60 pts on the day in reaction to its own report.