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Technology Stocks : Epicor (EPIC)
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To: hossein hosseini who wrote (122)4/25/1997 11:28:00 AM
From: Fred Puppet   of 309
 
Hossein, as of today, all of my PSQL shorts are covered. Still, I would bet on the short side if I was forced to take a new position. For the short term, the key is the lack of sequential license revenue growth. Long term, I think the tremendous pressure to show a profit has been hurting development of future products. This leaves PSQL as a one product company. Almost all software becomes obsolete in five years. What will PSQL be selling in five years? Of the small software companies of five years ago, how many are still in business today?

The Calls with $10 strikes that you mentioned are good reason to believe PSQL won't get much above that level.

Happy Speculation Everyone, Fred.
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