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Technology Stocks : Cerner-Is this stock ready to break out soon!
CERN 94.920.0%Sep 8 5:00 PM EST
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To: BILL TURNAGE who wrote (34)7/17/1997 10:52:00 PM
From: Scott Armstrong   of 83
 
this stock had actually been rising for 1-2 months in advance due to knowledgable investors and probably insiders or those who were close to those at Cerner with knowledge.

This has been anticipated, and based on industry talk that I had heard in the last sixmonths, was guessing that there sales and earnings would begin to break out again this quarter. I hope (though this is just hope!) that this is real, and this will continue. I do know/speculate that their sales cycles had lengthened last year, with an increasing sales funnel. My hope, with thier new version of their software actually out and working now, that the cycle will reduce slightly to expected ranges and that the sales funnel will also have the potential to "close" on a significant portion of thier funnel backlog, keeping the next few quarters looking very good and putting the stock over their last high (high 30's or low 40's ?) of 1.5 years ago.
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