Note that Corporate Express issued a revised version of the Managing Director's speech around lunchtime today where the original statement about the company targeting 15-20 % earnings growth was revised to "..the company is now targeting 20% earnings growth for 2002 and is on track to exceed that objective in the first half of the year." Despite this upward revision, the share price fell further in the afternoon.
They also came out with another announcement late in the day about a buyback of 1 million shares over the forthcoming year. While this only represents around half a % of their issued capital, it might help protect their share price to a small extent from some of the panic that seems to be around the market at present.
CXP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
