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Technology Stocks : Progress Software

PRGS 42.29

+0.8%

Nov 7 9:30 AM EST

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To: Umnik who wrote (155)	4/3/1997 11:39:00 AM
From: David Kawaguchi	of 296

I understand your frustrations. I believe that Progress is best served by it's entire product line and becoming a one stop shopping ground for companies to gain total solutions for their needs. The web products serve to give them new ways into companies but the sale of the rest of the product line is still a major part of the success as well as maintaining their existing customer base. I think the encouraging sign is that they reported .15 in Q1. That is more than the prior three quarters combined. Also remember that for most companies in this business Q1 is not usually one of the better quarters for sales volume and earnings during the year. Dave

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