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Technology Stocks : IQ Software (IQSW)

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To: Robert K. Schott who wrote (85)	10/29/1997 1:09:00 PM
From: Robert K. Schott	Read Replies (1) of 123

To all: Intersate/ Johnson Lane downgraded IQ from strong buy to long-term buy, citing continuing problems in devleoping sales efforts on the west coast. they cut estimates for fiscal '98 to $.044 fro. $.055, and fiscal '99 estimates to $.85 from $1.00. they reduced its stock price estimate for one year to eighteen months to $17.00 from $19.00. I don't know, the fact that some are apparently turning up their noses at a projected gain of 100% or more (the stock has traded below eight this morning, and was at $8.25 the last I looked), speaks volumes about some's patience and goals. the stock still looks like an excellent buy at these levels, IMO. best regards

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