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Technology Stocks : Macromedia...making a comeback?
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To: Kenneth E. De Paul who wrote (1622)7/31/1997 4:50:00 PM
From: van wang   of 2675
 
now sit down for this:

bloomberg reports that in the conference call...mgmt predicts flat revenue growth for the remainder of the year...which means:

1) present line of product will not add to revenue base but hold the fort

2) no more new products for the rest of the year

that is why there were lots of selling (and buying as well)...only because the bid held up in 9s is the reason why there was heavy volume....also this doesnt discount Kenneth's opinion

had i known it was driven off earnings expectations, I would have sold yesterday (found out after close)...but being the beneficiary of several acquisitions, there is no better feeling in investing...so I was alittle doped with the price rise yesterday

that said, lets see if they can cut alot of cost out

cheers
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