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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream

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To: David W. Taylor who wrote ()10/7/1997 10:46:00 PM
From: Tarek Kamil   of 846
 
SUBJECT: STRONG AND GETTING STRONGER

For those of you who are not subscribers, Investor's Business Daily has a 'Relative Price Strength' ranking for each company within its industry for every stock on both the Nasdaq and NYSE. The rankings go from 1 to 99 with 99 being the highest. I thought it would be interesting to note that MetaCreation's ranking has jumped from the low twenties two quarters ago to a ranking of 84 as of the Tuesday, October 7th edition.

For comparison purposes, Adobe has a ranking of 65 (also as of Tuesday) and they just posted record earnings on September 19th (80% increase in Net Income from Q3 1996).

This seems to indicate that the demand for Graphic Design software is even greater than the analysts had anticipated. I think that MetaCreations will post an extremly pleasant surprise on the upside for the 3rd quarter. I think alot of people are realizing this which explains the large block purchases and the run-up in volume and share price over the past few weeks.

I expect to continue to see alot of people getting on board before the earnings announcement later this month.
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