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Technology Stocks : LEGATO SYSTEMS LGTO
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To: A. Wayne who wrote (896)3/30/2000 3:06:00 PM
From: Chuzzlewit  Read Replies (1) of 1138
 
Hi Wayne,

Nobody indeed! What am I -- chopped liver? <LOL>

The problem is that few people take the time to read and understand the financial data. A change in revenue recognition criteria should have no affect whatsoever on the company's valuation (which rationally should be based on cash flow).

But as GV Tucker pointed out to me, it is the failure of people to read and understand financial statements and accounting principles that creates opportunities for the rest of us.

****

Watching CTXS very closely now. If it dips into the low 50s it could be a buying opportunity.

TTFN,
CTC
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