| Excerpt from Investor's Business Daily, July 7.
FileNet Corp. said it expects a 75% drop in second-quarter net
to five cents a share from 20 cents, sending its Nasdaq shares
down 7.25 to 12.25. The maker of document image processing
systems said lower-than-expected revenue did not offset increased
costs from product development and and expanded sales force.
Analysts now see annual profits of 70 cents to 80 cents vs.
1991's 75 cents. They had forecast second-period net of 25 cents.
Filenet's EPS rank is 91 (99 being highest) and Relative strength
index is 32. Relative strength measures daily each stock's
relative price change over the last 12 months compared to all
other stocks in the tables. Results are ranked 1 to 99. Stocks
ranking below 70 indicate weaker or more laggard relative price
performance.
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