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Technology Stocks : Platinum Technology
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To: david decamp who wrote (1944)7/4/1997 2:23:00 AM
From: Noel Resserp   of 4148
 
David,I enjoy your postings. They are educational for me. Thank you.
Here is some information that may help everyone have a more tranquil
weekend. DLJ is a company that follows our beloved stock closely. Today
Alex Koytlyar and Hilary Frisch, their analysts who follow the stock
closely issued an update on their expectations based on "recent conver-
sations with management and our industry sources". They now project
a solid 2Q. With 35%-40% top line growth; license sales growth of 35%;
services business with margins approaching 10%. They mention restructu-
ring charges of $65M. They estimate 2Q revenues of $138.8M and $0.03
in EPS. They state: "we believe that any degree of profitability will
help the stock move up into the mid-teens". They project a price target
of $20 by year end. Their rating remains a Buy. Amen!
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