PERVASIVE SOFTWARE (PVSW) Message Board

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Technology Stocks : PERVASIVE SOFTWARE (PVSW)

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To: TraderTerry who wrote (265)	12/10/1999 11:56:00 AM
From: Lane Hall-Witt	Read Replies (3) of 529

Remember the high was $39 and it fell without any real reason. The truly astonishing thing, to me, is that the news which brought PVSW down could easily have been "spun" into great news that might have taken the stock to $100, instead of $10. Here we have a company that has enjoyed considerable success, historically, but that realizes its traditional market is maturing. In response to the diminished growth prospects in the client-server database market, PVSW goes forward with new products in two of the hottest markets on the planet: Web-site development/serving and information appliances. PVSW proposes to invest a miserable $13 million (not even half the cash it currently has on its balance sheet) to make a splash with its shiny new Applications Everywhere initiative. Great news! Right? I guess not -- the Street pistol whips the company. Downgrades, panic selling. The whole affair makes me glad that the Street pros are such complete morons, because that translates into great opportunities for traders like us. My only regret is that I sit here making easy money at the expense of hardworking people like my wife, whose 401(k) is being run by some of these quacks.

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