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Politics : Ask Michael Burke

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To: cardcounter who wrote (81572)	6/10/2000 6:54:00 PM
From: cardcounter	of 132070

MSTR looks like a strong short. Momentum buyers and covering shorts added $3BLN in market cap in one week on rumor that $100 MM of Convertible Preferred or Private placement financing had been obtained. You can imagine how much that financing would cost if obtained. The big gap down on the chart in mid march was a result of MSTR's improper revenue recognition in violation of GAAP. More shareholder lawsuits than you can shake a stick at. MSTR is an enterprise software firm . Comparables are (according to Bloomberg): Computer Associates (YTD return -16%) BEA Systems(YTD return 16%) BMC Software (YTD return -44.6%) Compuware (YTD return -63%) Novell (YTD return -77%) Peoplesoft (YTD return -31%) I2 Technologies (YTD return 37%) I'm developing an earnings model and will post later if anyone's interested in this...

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