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Re: OT INFN
Jester,
The rise and fall could be amazing, as you say, but of course
somewhat sickening to those holding substantial positions. As I
said, I didn't listen to the CC, but in reading, I've seen no
mention of losing a customer. Just something to the effect that the
future will be challenging. But what appears to have killed them is
revs of $180-$190 predicted for the quarter, when analysts were
expectingabout $273 mln IIRC.
Yes, the insider buy was not only the CEO for $1.1mln, but the
CFO buying a smaller, but still quite substantial chunk around the
same price as Fallon. My best guess (forgive me if I'm repeating
myself) is that they knew they'd beat top and bottom this quarter
at the time of the buy. Perhaps an event (losing a customer? Price
competition/wars?) happened after the buys. Just speculation, but
I'd love to hear an explanation of what happened there. As you say,
more insider buying would be of interest here. But the signs seem
to point to that they really don't know much about how things go
moving forward, at least for now.
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