NT Accounting Software (GPSI, PSQL, SOTA, TMBS) Message Board

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Technology Stocks : NT Accounting Software (GPSI, PSQL, SOTA, TMBS)

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To: Jalali who wrote (108)	12/16/1997 5:50:00 PM
From: Alan A. Hicks	Read Replies (1) of 149

FlexiInternational (FLXI) went public last Friday at $8, opened for trading at $12 and closed at $13 today. At $13 FLXI is valued at 15 times trailing revenues indicating the recent tech sell-off has not dampened interest in financial application software companies. FLXI's products are aimed at the high-end of market with per module pricing in the $40,000 to over $300,000 per module according to the prospectus. Two customers accounted for 35 percent of revenues this year including Citibank which accounts for 25 percent of revenues. Citibank accounted for $3 million in revenues in the first 9 months. Among the mid-range companies, Great Plains will report their Q2 earnings on Thursday after the close. Revenues are expected to be up over 30 percent. SOTA is expected to report their fourth quarter in late January. Indications are SOTA is having another record quarter. Jalali, how is Timberline doing?

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