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Technology Stocks : New Dimension Software (DDDDF)

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To: Michael J. Dando who wrote (47)7/24/1997 4:07:00 PM
From: Michael J. Dando   of 209
 
Earnings are coming out on July 30, before the market open. I spoke with the company yesterday, and things are really looking up. I have heard some rumblings that a couple of investment banking houses are working to develop models for making earnings projections. The Y2K product has started to sell, though its sales will probably be greater later in the conversion process, as the software is used primarily for data validation and integrity checks, which come at the end of the conversion process. I've heard something about a recommendation coming out from the Trader's Corner. The Gartner Group did a study of reporting products, and New D's was deemed the company with the best future vision, which is the third time New D has gotten that ranking from the Gartner Group in the past year, in three different kinds of software. Plus they have been doing a lot of development in that area. The new service division is staffing up, and looks good as well. All-in-all, this sounds very positive, and the runnup in the stock price has been very decent of late. I expect even bigger and better things going into the next several quarters.
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