Cats Software (CATX) Any holders Message Board

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Technology Stocks : Cats Software (CATX) Any holders

CATX 2.195

-1.6%

Nov 7 9:30 AM EST

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To: DRL who wrote (1)	8/18/1996 11:57:00 PM
From: Blake Cmajdalka	of 60

I can not beleive it, another CATX holder; Are you lying. I called the public relation lady are CATX and found out some interesting things. -She said that the Korean derivative market is growing and that they signed up 3 Korean banks so far to use the C*atalyst system. I have only seen the story on this one so far. -She said the Lor/G acquisition added a lot of people to the payroll and that no signicant revenues would come from Lor/G. You could really see this in the R&D expense for the 2nd qtr. -She said the "Carma" product was in Alpha testing and that it would be released during the 4th qtr of this year. I believe this was the reason CATX bought them for $6.5 million. It sounds like this is going to be a great product. -When asked about the license revenue shortfall from 1st to 2nd qtr, she said it was due to some license renewal problems. I do not know if they were delayed or scrapped by the Licensor. This was about 300,000 or .05 EPS. -The rep also said we should not expect significant revenues gains until the first qtr of 1997. This makes sense if the new product will not be released until the 4th qtr. -It looks like the reason for the downward pressure is T.Rowe Price. They held 200,000 shs of Catx as of 3/31/96 according to the 13F filings on Bloomberg. I have a 5/31/96 Annual report from VALIC (T.Rowe Price is their subadvisor) showing that the fund now holds only 180,000 shs. I can not imagine them selling just 20K shs and stopping. The other big holder is State of Wisconsin Pension Plan and they own like 1 mil shs and they haven't sold any according to the 13F report as of 6/30/96. I will let you know what the 6/30/96 13F for T Rowe says when it comes out on Bloomberg. I know someone has been selling a lot of shares, just look at the charts. I would appreciate any other info you have.

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