Autodesk! Ready to rise? Message Board

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Technology Stocks : Autodesk! Ready to rise?

ADSK 301.36

+0.2%

3:59 PM EDT

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To: Matt Belkin who wrote (59)	3/4/1997 5:20:00 PM
From: Tony Levy	of 77

I bought at 28 and was ready to sell at 36, but waited hoping/expecting the revenue/earnings to come in at or above the estimates. I thought the recent run-up reflected a good/v.good quarter for an otherwise sleepy stock. So I am surprised/disappointed with the results; and am becoming skeptical like Felix. I am, however, surprised it has not dropped below 30. I haven't seen any downgrades; so must assume the conference was upbeat enough to keep the price in the low 30s. I think ADSK needs to prove that it can deliver revenue and earnings before it can even dream of reaching 40. Continued acquisitions/diversification must translate into both revenue and earnings. This probably means 2-3 quarters of low 30s. If next quarter comes in below estimates, then we could see mid 20s. regards, Tony

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