Comments for QSFT - Stockpickr! Your Source for Stock Ideas

Comments for QSFT

Added By	Comments	Type	Date Added
sarah z	The Aliso Viejo, Calif.-based tech company announced that it will repurchase as much $400 million in common stock through a modified Dutch auction tender offer with an expected price of $13.25-$15.50 a share. If the full buyback is completed, it would represent 26% of outstanding shares. The buybacks will be financed through cash on hand and $300 million in debt. The company also announced that president Doug Garn will replace Vinny Smith as CEO. Smith will now become executive chairman. On August 5, 2008 the company reported second-quarter earnings with total revenues increasing 21.9% to $173.4 million, compared with revenues of $142.3 million in the same period last year. Net income came in at $8.3 million, or 8 cents a share, up slightly from $7.9 million, or 8 cents a share, in the year-earlier period. Excluding items, it earned 17 cents a share, but analysts were expecting 21 cents a share, which sent share down 10%. It's also good to see that MKM Partners lifted their rating on Quest to buy from neutral, noting the CEO switch and the buyback. Analyst Kevin Shea commented on CEO change, "Mr. Garn has a reputation as a results-oriented executive, and we expect him to focus the company on margin expansion and shareholder returns." Shea was also bullish on the buyback which could boost 2009 EPS by 12%. He has a $16-dollar price target, representing 40% upside potential.	Love	November 05, 2008
sarah z	The Aliso Viejo, Calif.-based tech company announced that it will repurchase as much $400 million in common stock through a modified Dutch auction tender offer with an expected price of $13.25-$15.50 a share. If the full buyback is completed, it would represent 26% of outstanding shares. The buybacks will be financed through cash on hand and $300 million in debt. The company also announced that president Doug Garn will replace Vinny Smith as CEO. Smith will now become executive chairman. On August 5, 2008 the company reported second-quarter earnings with total revenues increasing 21.9% to $173.4 million, compared with revenues of $142.3 million in the same period last year. Net income came in at $8.3 million, or 8 cents a share, up slightly from $7.9 million, or 8 cents a share, in the year-earlier period. Excluding items, it earned 17 cents a share, but analysts were expecting 21 cents a share, which sent share down 10%. It’s also good to see that MKM Partners lifted their rating on Quest to buy from neutral, noting the CEO switch and the buyback. Analyst Kevin Shea commented on CEO change, “Mr. Garn has a reputation as a results-oriented executive, and we expect him to focus the company on margin expansion and shareholder returns.” Shea was also bullish on the buyback which could boost 2009 EPS by 12%. He has a $16-dollar price target, representing 40% upside potential.	Love	October 29, 2008
sarah z	The Aliso Viejo, Calif.-based tech company announced that it will repurchase as much $400 million in common stock through a modified Dutch auction tender offer with an expected price of $13.25-$15.50 a share. If the full buyback is completed, it would represent 26% of outstanding shares. The buybacks will be financed through cash on hand and $300 million in debt. The company also announced that president Doug Garn will replace Vinny Smith as CEO. Smith will now become executive chairman. On August 5, 2008 the company reported second-quarter earnings with total revenues increasing 21.9% to $173.4 million, compared with revenues of $142.3 million in the same period last year. Net income came in at $8.3 million, or 8 cents a share, up slightly from $7.9 million, or 8 cents a share, in the year-earlier period. Excluding items, it earned 17 cents a share, but analysts were expecting 21 cents a share, which sent share down 10%. It’s also good to see that MKM Partners lifted their rating on Quest to buy from neutral, noting the CEO switch and the buyback. Analyst Kevin Shea commented on CEO change, “Mr. Garn has a reputation as a results-oriented executive, and we expect him to focus the company on margin expansion and shareholder returns.” Shea was also bullish on the buyback which could boost 2009 EPS by 12%. He has a $16-dollar price target, representing 40% upside potential.	Love	October 15, 2008
nedly44	value	Love	March 28, 2007
Pam	Quest can get taken over by potentially HPQ EMC or MSFT	Love	December 18, 2006