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Technology Stocks : SOTA A Leader in NT Financial Applications Software
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To: Alan A. Hicks who wrote ()9/17/1997 5:12:00 PM
From: Alan A. Hicks   of 21
 
SOTA hit a new 52-week high today at $14 7/8. SOTA's shares have been climbing steadily the last few weeks. The shares continue to act like they are under accumulation. The shares are still selling just under 1/2 the valuation of GPSI and a little over half the valuation of PSQL (on capitalization to revenues).

The analysts at Robertson Stephens and First Albany still are neutral on SOTA. These analysts have $0.09 for the third quarter. Revenues are expected at $16 million up 44 percent. Earnings should be released about the middle of October. SOTA is also scheduled to present to the American Electronics Association financial conference for institutional investors at the end of October.

Checking with a few VARS, business for MAS 90 has been strong, BusinessWorks has been strong and Acuity should again show strong growth. The recent award from Microsoft in a "Industry Solutions Awards" against 35 competitors is boosting strong interest in Acuity. VARs are reporting very strong interest in the new client/server NT version of MAS90.

The real question is can SOTA meet the expecations of $0.34 in the fourth quarter. Expenses have been very high the launch of a number of new products and major upgrades. SOTA should move into a "harvest mode" after several years of heavy investments on new products. Expenses are expected to decline in the fourth quarter. The fourth quarter is also seasonally strong and tax table upgrades add over $1 million in revenues. New releases of Acuity, BusinessWorks and MAS 90 should all contribute to a strong fourth quarter.
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