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   Technology StocksSuperior Telecom (NYSE: SUT)


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To: Cynic 2005 who wrote (8)2/24/1997 9:08:00 PM
From: Jonathan Luu
   of 41
 
Mohan,

I'm pretty sure the 0.42 estimates you are referring to is for the 4Q.
Zacks had 3Q estimates of 0.29 for 3Q. The 0.25 number I used might of been a little old. More current estimates for 3Q ranged from 0.29 to 0.37 with First Call showing 3Q estimate of 0.32. Whatever the 3Q estimate one uses, SUT beat them all by a wide margin.

With the last nine months earnings at 1.55 and estimates from Zack for 4Q at 0.42, which will likely be revised upward, SUT's fiscal 1997 earnings come out to be 1.97, just a penny below fiscal 1998's estimate of 1.98. Do we smell upward earnings revision to come?
The kicker here is that according to the press release, 3Q is supposed to be a seasonally slow period.

We should see additional institutional buying in the coming months as SUT begins to be discovered. There has already been a few that have taken large stakes in the company during the 4Q of calender 1996, which include Vinik and Fidelty Management Research, who owns a little more than 700,000 shares.

Jonathan

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To: Jonathan Luu who wrote (10)3/29/1997 9:58:00 AM
From: jerry cooper
   of 41
 
Jonathan, It appears that copper prices are on the rise. What effect could this have on SUT bottom line.

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To: jerry cooper who wrote (11)4/3/1997 3:02:00 AM
From: Jonathan Luu
   of 41
 
jerry,

sorry about the late response.
I think there is very little effect to the bottom line. The reason is any increase in the price of copper is abosrbed by the RBOCs. SUT is able to pass on the higher prices because it signs long term contracts with the RBOCs that stipulate any price increases is passed on to them. Therefore, there shouldn't be any effect on the bottom line.

Jonathan

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To: Jonathan Luu who wrote (12)4/3/1997 12:40:00 PM
From: jerry cooper
   of 41
 
Jonathan, Thanks for the info. SUT looks real cheap at these prices and I still feel that this could be a 30+ stock when the market cooperates.

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To: jerry cooper who wrote (13)4/3/1997 8:16:00 PM
From: MikeinSanDiego
   of 41
 
Two large blocks today, one 50,000 shares and one appox. 60,000 shares!
Jerry... more people than you and I believe SUT is cheap at these levels. Someone is buying big most likely Fidelity as they took a position earlier this year.
Mike in San Diego

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To: MikeinSanDiego who wrote (14)4/4/1997 4:39:00 PM
From: jerry cooper
   of 41
 
Mike, SUT earnings for their 9 months ending Jan.31 were $1.55 v .49 for the prior period. Last year in their 4th qtr. they earned .38. If we just assume a small increase we are looking at $2.00+ for their FYE 4/30/97. It looks cheaper every minute. Jerry in Michigan.

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To: jerry cooper who wrote (15)4/9/1997 7:23:00 PM
From: MikeinSanDiego
   of 41
 
Jerry,
One large block (35,000 shares) today at 10:30 and a 15,000 block at the close yesterday (all buys). Lookin' good!
Mike in San Diego

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To: jerry cooper who wrote (15)4/14/1997 6:16:00 PM
From: MikeinSanDiego
   of 41
 
Jerry, Two more large blocks today, 0ne 20,000 share block and one 12,000 share block - both buys. There's a some resistance at this level but once past 23 it should move up pretty quick.
Mike in San Diego

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To: MikeinSanDiego who wrote (17)4/17/1997 11:27:00 AM
From: jerry cooper
   of 41
 
I agree. I think SUT will move up soon in anticipation of a strong earnings report for its next qtr. ending 4/30/97. Jerry in Michigan.

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To: jerry cooper who wrote (18)5/16/1997 6:27:00 PM
From: MikeinSanDiego
   of 41
 
100,000 share trade went by today and SUT reversed. Today's action took out alot of weak hands. Lookin' to break 23 soon unless of course that 100,000 share trade was a sell, but it looks like it was a buy and smells like a buy ...so it must be a buy!
Mike in San Diego

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