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Author: math999man Big red star, 1000 posts Old School Fool Global Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 24  
Subject: Why the price jump ? Date: 8/5/2004 10:09 PM
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I am sure I am not the only one watching GB -


Does anyone know what caused the price jump today in such an overall down market ?

Thanks for any reply.

mathman
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Author: math999man Big red star, 1000 posts Old School Fool Global Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 18 of 24
Subject: Re: Why the price jump ? Date: 8/6/2004 12:30 PM
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Well - a jump one day - does not mean good news for the next day -

Wilson Greatbatch slices 2004 outlook on lower orders (10:09 AM ET) NEW YORK (CBS.MW) -- Shares of Wilson Greatbatch Technologies(GB)sank more than 25 percent to $16 after the Clarence, N.Y., maker of medical device components cut its forecast for the year and posted earnings $4.7 million, or 22 cents per share, on sales of $52.9 million for the second quarter. The latest results include a pre-tax charge of $2.8 million related to severance and patient acquisition costs. In the same period a year earlier, Wilson reported a profit of $5 million, or 23 cents per share, on sales of $55.8 million. The company lowered its outlook to reflect a major customer's decision to further reduce orders for the balance of the year. It now sees earnings of 51 to 58 cents per share on sales of between $195 million and $205 million in 2004, down from a prior projection of $220 million to $230 million. Wilson said it reduced its workforce by 7 percent in June in response to the lower sales view. The average estimate of analysts polled by Thomson First Call was for a profit of 22 cents per share in the June period and $1.05 per share for the full year. The news prompted downgrades from Morgan Stanley and Banc of America.

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