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Technology Stocks : IQ Software (IQSW)

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To: Robert K. Schott who wrote (26)5/5/1997 11:35:00 AM
From: brad sparling   of 123
 
Robert:

Your figures on IQSW are correct. The stock is so cheap because they missed consensus estimates last quarter, and the stock broke down technically.
The earnings estimates that you have seen are conservative. If they get a contract signed soon from a Japanese distributor, the earnings are estimated to be closer to a dollar this year, and $1.35 next.

Stock still looks very weak technically, but is oversold on a short term basis and due for a bounce. Our analyst says that the current quarter is on track and things are looking good.

Brad
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