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Technology Stocks : Red Brick Systems

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To: J L Segal who wrote (129)	1/17/1998 4:24:00 PM
From: SEAS	Read Replies (5) of 304

Red Brick Systems - Today (1/15/98) REDB announced profits of 3 cents a share a penny higher than analysts expected. There stock got walloped - dropping $2.6875 or 27.92%. Before you jump on the bandwagon to buy this stock, there is good reason why it dropped while reporting good news - the good news isn't so good. They made money on favorable tax breaks, not on good business practices and deserved the smashing they took today. Why is REDB the Stock of the Week, because they took a bit more of a smashing then they deserve and are still a growth stock. REDB should have been hit for a 20-25% loss, a bit less than what actually occurred, but more importantly they have been closing a lot of deals recently and next quarter looks very good. So we hope that if we buy now after they've been hit we'll reap the rewards of next week.

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