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Technology Stocks : Intersolv News

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To: DD™ who wrote (619)2/20/1998 12:51:00 PM
From: Michael L. Busser   of 1069
 
I sold my position at 19.25 prior to the announcement due to my concern over revenue growth. The earnings were quite good based upon the modest revenue growth. I believe this represents good control on their expense side of the ledger; however, I believe the street is dismayed by the poor performance in the License Revenue area. This was actually a decrease in revenue compared to the last quarter. The street wants to see top line growth in order to afford it a better multiple. At $.75/share and 16.5 dollars, the pe is 22 which is close to the market multiple. In either case, I reinvested today at 16.5 for 1000 shares and will buy another 1000 at 15.5 if it gets that low. It got close but did not fill my order. Best of luck to all. I believe the streets negative reaction will elicit a response by ISLI management within the next two days.
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