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Technology Stocks : LEGATO SYSTEMS LGTO

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To: Larry S. who wrote (606)1/20/2000 12:33:00 PM
From: LemurHouse  Read Replies (1) of 1138
 
I've been wanting to get into this sector for a while, and am thinking of taking a position today, as its currently trading around $30. I think I'm on top of the reporting issue (if any of us can be, mgt credibility now being called into question.)

My greater concern at this point is how LGTO competes with Veritas -- specifically the new Veritas product that supposedly targets LGTO. Is anyone on the thread able to evaluate the competing products and give some insight as to whether Veritas poses a threat to reduce LGTO's earnings or growth rate this year?

If LGTO can maintain its projected growth rate, then this looks like a bargain to me.

TIA

Andy
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