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Technology Stocks : LEGATO SYSTEMS LGTO
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To: Chuzzlewit who wrote (805)2/11/2000 2:27:00 PM
From: LemurHouse   of 1138
 
I doubt the analysts have changed their real views on the company much at all. They are not stupid, after all, despite plenty of evidence to the contrary. But I think its understandable that they would punish the company for allowing them to get blindsided by the revenue recognition issue and for making them look somewhat foolish. I expect they will be upgrading the company as soon as some time has passed and they can all stroke their beards and nod in unison that all is well at Legato.

On the larger issue, I agree that the company's fundamentals still look great and that its a good buy here. I've been long for a couple of weeks.

FWIW.

Andy
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