BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: junjun dator who started this subject	4/5/2001 9:50:42 PM
From: vanillapudding	of 2477

Today's reaffirmation: biz.yahoo.com BEA Chairman reaffirms outlook NEW YORK, April 5 (Reuters) - BEA Systems Inc. (NasdaqNM:BEAS - news) on Thursday gained more than 31 percent, after its chairman for the second time this week, reiterated that the company was on target to meet its guidance it issued in February. Shares of BEA closed up 6-7/16 to $27-1/8 on the Nasdaq and was the top 25 net gainers on the market which rose nearly 9 percent. In addressing some 100 people who attended a Morgan Stanley luncheon, Bill Coleman, chairman and chief executive, reiterated that the company was on track to meet guidance it issued on Feb. 22. During a conference call with analysts after BEA reported its fiscal fourth-quarter earnings Feb. 22, Coleman raised his outlook for 2002 revenues by $20 million above the analysts' consensus and as well as raised its outlook by 3-4 cents a share to between 39-41 cents a share. BEA is currently in the middle of its fiscal first-quarter, which ends April 30 and reports its fiscal first-quarter 2002 results May 17. Analysts expect the company to earn an average of 7 cents a share for the quarter on an average of $259.52 million in revenue. Coleman has speaking about his company's outlook since a story in a trade paper that Sun Microsystems Inc. (NasdaqNM:SUNW - news) would bundle its own server into its Solaris operating system sent BEA stock diving to a new 52-week low. Several hours later, Sun denied the report.

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