another win, page-4

Sall

AAX revenue forecast was quite ambitious for the year. I am confortable that they will hit this target and I agree with you will probably exceed the profit forecast of 20-25m. I think the SP may be held back until the profit forecast arrives though, before they start pumping up the tyres.
During the golry yeasr early on, we consistently exceeded analyst expectations regarding revenues and profits.
I feel that with everything that has transpired, and the attitude by many analysts and brokers is to be ultra conservative. I would therefore expect some positive surpriuses in the next round of results.
My only concern would be potential impacts from adverse currency movements on the bottom line.

Cheers
Spek