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tomtomboombang

01/13/05 5:06 AM

#17624 RE: tomtomboombang #17623

APSG - Applied Signal-APSG reports Q4 eps of .21c below consensus est of .29c - Reports Q4 revenue of $39.5M vs consensus est of $39.72M.
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APSG - Applied Signal-APSG misses Q4 eps, delivers very strong bookings-
opinion @ RHCO neutral - APSG reported 4Q04 results of $0.21, below our estimate of $0.27 and the First Call mean estimate of $0.29; however, we would note that absent an $811,000 inventory write-down, results would have been closer to $0.25. Although we are clearly disappointed, we are positive as we expect the company to enter 2005 with more realistic EPS expectations, the company's solid backlog and strong order pipeline give us more confidence in our 2005 revenue estimate, and valuation
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APSG - Applied Signal-APSG analyst @TRGS fortifies off "Sell" on valuation
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APSG - Applied Signal-APSG analyst opinion @ RCAP neutral: Q4 revs light, earnings below expectations,