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Technology Stocks : Iona (IONA)

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To: LightPen who wrote (476)	1/24/2000 6:56:00 AM
From: LightPen	Read Replies (1) of 491

From the Yahoo thread I have just read John Peake`s (Prudential) report on Iona released on friday.Here are the highlights.All are actual quotes. The top line growth was a huge upside surprise. Iona beat all of our margin metrics. Management indicated on the cc that the pipeline for new business has never been better.we believe that this management team has now positioned Iona firmly on the growth track. Iona does not appear to have stretched to make the numbers. We have raised our price target from $60 to $80 .At $80 Iona would be trading at 13 times our 2000 revenue forecast.This still represents a big 66% discount to the EAI/ middleware peer group`s average forward multiple of 38 times. Iona did 4 deals over $1million,and 25 deals over $250,000. In relation to the Compaq deal,we think the selection of Iona`s technology is a strong validation of the scaleability and reliability of Iona`s next generation orbix technology.The selection of Iona`s technology followed a 15 month evaluation of the entire middleware space`s offerings. A GLOWING A REPORT ,A $100 STOCK IMO

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