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Technology Stocks : IFMX - Investment Discussion
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To: freeus who wrote (14039)4/20/2000 5:33:00 PM
From: bob zagorin  Read Replies (2) of 14631
 
Here's an excerpt from HQ analayst:

"...Top-line weakness relative to expectations may
overshadow the EPS upside and very good progress on key new product areas, and we
would expect short-term pressure on the stock as a result. However, we would encourage
investors to look through the numbers to see evidence of building momentum in the areas
of the business that matter for the long run. Web and Business Intelligence (BI) products
combined for more than 40% of total revenues for the quarter, growing at more than 50%
on a combined basis, and together topping the $100 million revenue level. We believe
that these products could produce a minimum of 25% sequential growth for the next three
quarters, producing about $600 million in revenue for the full year...".

Again, they reiterated buy with $22 target. That's why I doubled at 11 15/16. H&Q knows this co. and this vertical.
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