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Technology Stocks : Macromedia...making a comeback?
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To: Patrice Gigahurtz who wrote (2109)3/12/1998 11:58:00 PM
From: Charlie J  Read Replies (2) of 2675
 
I don't think internet non-taxes or the ShockRave site have much to do with MACR's upward move. The high volume plus price increase shows that buyers are out there right now.

Could it instead be that folks are finally realizing that MACR is moving in the right direction? How about: Flash, Dreamweaver and now FireWorks. Pretty interesting trio of web tools. And Director's franchise has still not been shaken by any other product.

Also, FreeHand 8 shipped at the beginning of this quarter. There will be significant revenues from that upgrade cycle.

Maybe most important of all is something that a lot of folks probably haven't noticed. Last quarter's results ($26M), with no upgrades, were compared to a quarter a year ago ($28M) that contained the upgrade cycle of FreeHand 7. This next quarter will have the first quarter of upgrades to FreeHand 8 and new revenues from Dreamweaver, which is supposedly doing well, and will be compared to a quarter a year ago that was quite low ($13M).

At 8 and 9, I couldn't believe people weren't snapping up MACR shares (you'd better believe that I'm LONG). Even at 12 it is, in my opinion, very attractive. A good quarterly report next time, with good new products and upgrades appearing and in the pipeline, and this stock easily jumps to 16 and is headed back to the 18-20 range.
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