John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: John Pitera who wrote (2003)	11/21/2000 11:34:07 AM
From: Logain Ablar	Read Replies (2) of 2850

John: We'll PUMA's earnings (loss) came out and I don't see support till $5.5 (this is why I don't hold thru earnings). With net cash & investments (incl accts. rec. less liabilities) the co's burn rate is good for about 4 yrs. and the c&i per share is appx. $1.5. Note quite sure if I like investing in this one while its still @ $8. If the market gets really ugly next year the $5.5 won't hold. At this point probably best hope is for a buyout (see Truff's comment) but I wouldn't holdout for one. I expect an ugly market next year (this year has only been ugly in techs) but also anticipate the FED easing (scary thought when you consider the last 500 basis points haven't started to permeate through the economy) which should start a rally (although who knows for how long and its too early to say whether that event will signal the bottom). On the B2B front (ouch) actually played golf a few weeks ago with the head of purchasing for a major chemical manufacturer. They are committed big time to ORCL and the american express exchange (ariba here). Pretty compelling reasons for the migration & they are not concerned with the transactional cost (am ex will do good with this one). At this point I'm assuming the CMRC $40 support doesn't hold in the next market flush although we can get to $58 in a sustained rally (resistance @ $48). Long term CMRC looks to be a solid investment (especially with the recurring revenue stream). Even in a tought market where capital spending shrinks as earnings drop (or disappear) this is one sector which will still see growth as manufacturers look to squeeze out expenses (been there done that and headcount is what is reduced). Not sure if CMRC will grow as fast (100%+ next year is the co. forecast) after next year but their expenses should start to come down in realtion to revenues and this could be one of the explosive revenue / growth companies of the next few years. I hope so since I was caught on Friday in this one. LU just doesn't quit. This will still be subject to year end tax selling. Done rambling (for now), have to go. Tim

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