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Technology Stocks : LEGATO SYSTEMS LGTO
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To: A. Wayne who wrote (1034)5/17/2000 10:21:00 PM
From: John Ritter  Read Replies (1) of 1138
 
Good news is revenue up, there were some onetime charges, and most, not all, of the revenue that caused the problem will occur this year. I consider this a long hold, a little like the NEON saga...the drop from very high to low on missed numbers. The technology seems good and I would (will) be surprised if this stock is not in the high 20s in six to 8 months. That said, there could be profit taking tomorrow, if not we should continue to go up, if the 'smart' institutions load up, they know more than we do.
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