Vignette Corporation (VIGN) Message Board

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Technology Stocks : Vignette Corporation (VIGN)

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To: MGV who wrote (558)	1/18/2001 10:26:20 AM
From: Carl R.	Read Replies (1) of 628

...and indeed it did. My holdings, while still nominal are now a bit larger as I added some at $7. I think management of this company has done a remarkable job, in several areas: in acquiring market share, in growing at a remarkable pace without imploding, and now of paring down staff as growth slows. With the PSR now a a reasonable level, under 3, and with the company still growing (though at a slower rate), I think that we will see this company recover in the future. Earnings for 2001 are now only projected at 9 cents, so the forward PE is about 78, but even that isn't bad. I'm in this stock primarily because I think management has done a very good job. The negative is that in order to make this quarter they probably backloaded the quarter and depleted backlog. I see that DSO is up slightly and that deferred revenue is down. The levels aren't alarming, but they do explain why they lowered guidance for this quarter to $100 million. Carl

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