Remedy Taking a hit why? Message Board

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Technology Stocks : Remedy Taking a hit why?

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To: Thomas DeGagne who wrote (755)	1/28/2001 10:45:01 AM
From: Qualified Opinion	of 763

A few points made during the earnings conference call>> Remedy increased its sales force to 370 salesmen currently, up from under 300 salesmen on 9/30/00. They expect to have 390 salesmen by the end of this quarter. They hired a number of experienced salesmen in CRM. It can take up to 6 months to bring the new ones up to full production. They are forecasting a conservative 25% increase in revenue to $360 million for this year . They are reducing their expected effective tax rate to 28% from 30% due to lower tax rates on foreign income. Remember, Remedy should be releasing its web-centic platform product around the middle of this year.

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