Allaire Message Board - Msg: 14621333

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Technology Stocks : Allaire

ALLR 1.365

-5.5%

Nov 3 3:59 PM EST

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To: Marco Polo who wrote (537)	10/19/2000 5:26:24 PM
From: Marco Polo	Read Replies (1) of 612

RESEARCH ALERT-Allaire cut to neutral NEW YORK (Reuters) - Bear Stearns analyst Robert Fagin cut his rating on Internet software and services company Allaire Corp. (NasdaqNM: ALLR) to neutral from attractive on Thursday. The company, on Wednesday after markets closed, posted third-quarter earnings and revenues that fell short of Wall Street forecasts, according to research firm First Call/Thomson Financial. In a report, Fagin sharply cut his outlook for fourth-quarter earnings per share to a loss of 26 cents from a profit of 10 cents. He also cut his revenue estimate to $29.6 million from $42.6 million. *Fagin trimmed his outlook for fiscal 2001 earnings to a loss of 51 cents* a share from a profit of 53 cents. The revenue outlook was reduced to $144.3 million from $215.3 million. ``Although we became very cautious on ALLR in mid-(third quarter 2000) ... we were shaken by the severity and magnitude of the impact structural problems -- weak channel sales, competition, a shifting customer base*, and transitioning architectures -- had on revenues and earnings in (the third quarter) and will continue to have for the foreseeable future,'' Fagin wrote in a research note. Shares of Allaire were off 1/4 at $6-1/2 in an otherwise breathtaking rebound session for tech stocks. Sorry about the mess below... somehow this got posted 4 times.*

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