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Technology Stocks : SOTA A Leader in NT Financial Applications Software
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To: Alan A. Hicks who wrote ()6/27/1997 5:39:00 PM
From: Alan A. Hicks   of 21
 
SOTA reportedly is being removed from the Russell 2000 Index as of
June 30. This has caused some Russel 2000 Index funds selling out
their positions over the last week. That apparently is the cause for
the weakness in SOTA shares.

Spot checking with some SOTA VARs shows a lot of interest in the
MAS 90 CS product for NT which was released two weeks ago. This
should result in some good revenues from VARs buying thier own
reference library copies as well as some initial upgrades and new
customer sales. There should be significant sales of MAS 90 CS in
the third and fourth quarters. VARs are reporting MAS 90 continued
strong. SOTA is also expected to release a new version of
BusinessWorks in the third quarter also.

There also appears to be good growth in Acuity for the quarter.
VARs are particularly excited about a new video from Microsoft
endorsing Acuity as the only accounting product on the market that
makes effective use of the latest Microsoft technology. They expect
it to be a very good sales tool for them in the third and fourth
quarters. SOTA is expected to make a CD ROM demo disk opening with
the video.

Overall the June quarter must compete against the release of MAS 90
for Windows one year ago which had about $2 million in reference
library sales so the comparison will probabably only show modest
year over year growth. But it is in analyst expectations. Next
quarter should be much better. Analysts are expecting 40 percent
revenue growth. With all the new products out and momentum picking
up in Acuity, SOTA could be hitting on all cylinders in the fourth
quarter.
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