Profits and Prophets: January
From January 2005
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Record Your Ahead?
IDW Posisiotned With New CEO, Product, China Plant
By Art GarciaAt International Display Works Inc. (IDW; stockticker IDWK.OB) in Rocklin, revenue and profit projections by at least three research analysts have reached eye-popping “high-flyer” levels.
These come in the wake of corporate scandals that prompted the Securities and Exchange Commission and stock exchanges to tighten regulations prohibiting management and investment firms from recklessly talking up company stocks.
In other words, tout is out. Company management can offer “guidance” figures, but notstock price pumping predictions that can be about as accurate as a snake oil salesman’s pitch. Analysts can crank out rosy outlooks, but they’d better be in line with reality.
IDW chairman Stephen Kircher, for his part, isn’t one to play it coy when asked to refine, reject or confirm the outside optimism for the company, which designs, makes and distributes liquid crystal displays (LCDs), LCD modules and printed circuit board assemblies used in end products of original equipment manufacturers (OEMs).
Continued...
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