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Technology Stocks : LEGATO SYSTEMS LGTO

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To: manittou who wrote (1113)	10/27/2000 10:43:41 PM
From: Sr K	Read Replies (1) of 1138

With all that cash on hand, if they don't announce a stock buyback program, they don't have confidence it has bottomed, and/or the shareholder actions have tied their hands. I still think it will break $8, but I'm surprised it held $9 Friday. The bullish analyses from last January now seem ludicrous if not humorous. There are 2 phrases top management should never use: "successful" and "exciting", as in: New licensing terms introduced at the start of the quarter were "very successfully received," said Louis Cole, the company chairman of the board. Cole (or whoever writes his words) has an awkward way of trying to say what he means. This was not an interview, it was from the 10/25 BW news release. He chose to use passive tense to say that something was received. Successfully received is still received. And very? I think he speaks loud and clear. Didn't want to say they forced the channel to accept the new terms. But A/R grew to 65 days from 62 June 30, 2000, so was it really "well received"? Prior statements had a 3rd component of Revenues: Royalty which was $6.022 m in the 6/30 quarter, and was running $5 m to $6 m a quarter. Does anyong here know where that is now reported?

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