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Technology Stocks : PowerCerv - Software/Consulting PCRV
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To: Rex Smith who wrote ()12/19/1996 4:45:00 PM
From: Philip G Gibbs   of 46
 
Rex, this company is a solid player in the c/s application market. The crash in its stock price is explainable - its 3rd qtr results were due to temp removal of billing consultants to R&D. R&D was adding finishing touches to application packages (finance, mfg etc) and needed extra manpower to do it. Good long term strategy. Downside was no revenue from these 40 -50 consultants (out of about 275). Now they're back at the fee paying clients. 4th qtr results should be much better and their products are selling well. See recent article in PC Week about their Adaptlications (TM). Company is well managed and is poised for solid growth, particularly in these applications areas AND in Web enablement consulting and software tools.
Hope this helps.
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