Here's another amazing thing to think about. Peoplesoft is trading at 33 with 253 million shares out. Informix is trading at 5 with 151 million shares out. This is happening with Informix having more revenue than Peoplesoft. If Informix can get its act together (profitability), Informix is going to be on a vertical flight plan.
Jeff, I agree with the overall sentiment and basic principle of your analysis. I too, believe that one of the three database companies, Oracle, Infoemix, Sybase, will turn the trend around in the first half of 1998.
For clarification here's the Zack's profile data for PSFT (peoplesoft) and IFMX:
PSFT: PeopleSoft, Inc. designs, develops, markets and sup-ports a family of enterprise client/server application soft-ware products
for large and medium sized organizations. For the nine months ended 9/97, total revenues increased 84% to $555.1 million. Net income increased from $34.1 million to $68.8 million. Results reflect continued increased market acceptance of, and breadth of, the Company's software product offerings. Net income also reflects increased operating margins.
IFMX: Informix Corp. is a multinational supplier of high-performance, parallel processing database technology for open systems. For
the nine months ended 9/28/97, net revenues fell 6% to $481.1 million. Net loss totalled $366.1 million, up from $66.6 million. Revenues suffered from decreased sales in North America, Europe, and Japan. Earnings also suffered from a $30.5 million asset writedown on the Company's Japanese subsidiary and $109.4 million in restructuring charges.
Don't know if IFMX information is based on restatement or not. I believe it does due to the fact profile includes Q3 numbers. Revenue numbers are close between IFMX and PSFT, but PSFT higher. Should be noted though that PSFT has Mrkt Cap of $7.479B and IFMX Mrkt Cap is $790.7M.
Just some additional info...
Dave.
Dave... |
