Formula Systems : FORTY Message Board

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Technology Stocks : Formula Systems : FORTY

FORTY 167.02

0.0%

Jan 2 9:30 AM EST

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To: eXiled who wrote (108)	1/3/2000 7:54:00 AM
From: Dorine Essey	of 141

Copied and pasted from R/B Another FORTY company.... From CBS Marketwatch article on stocks that may benefit from the "January effect": Finally, several viewers, along with Salomon Smith Barney analyst Victor Halpert, pointed to Israeli software services company ForSoft Ltd. (FORS: news, msgs). "The company is undertaking big projects around the world, and has a backlog of projects," says Halpert, who sees the software consultant earning 90 cents a share next year. The shares sell for about 11 1/2 on Nasdaq. About $3 of that is cash and cash equivalents. Projecting a revenue growth rate of 40 percent in the year 2000, Halpert says ForSoft shares could reach 20. ForSoft (market cap: $150 million) logged nine-month sales of $45 million, a gain of 28 percent from the year-earlier period. ForSoft is one of several companies controlled by another Israeli company, publicly traded Formula Systems (FORTY: news, msgs). The shares trade on Nasdaq.

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