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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: Rainforest who wrote (903)1/22/1998 1:53:00 AM
From: uu  Read Replies (2) of 1936
 
Dragonfly:


> analysts who have "strong buys" on the co. may also be productive.
> Did anyone notice that they are now down to 2? Wonder where the
> other one went?

I have no idea what you mean. Sapiens has had 2 strong buys for about 8 months now and nothing has changed (i.e. only 2 analysts are following the stock and both continue to have the stock as strong buy). Just go to quote.yahoo.com, enter the symbol SPNSF and then click on research, the 2 Strong Buys are still there.

You know, there is another stock that has had a similar pattern as SPNSF (although in a completely different industry). Qualcomm (QCOM) recently came down from its recent highs of high $60's to the $46 range, and I kept following it (I do not own the stock), and wondered why is this stock coming down so fast without any apparent news! Until late yesterday they reported their earnings and it was a very impressive report! It took only 8 hours for the stock to gain close to $7 in a market that was broadly down big time! The reason for the slide in price prior to today was the assumption that the company had too much exposure to the South East Asia and a strong dollar. Well, it ended up that the company did very well in Europe (as so many other high tech firms).

I am now more than ever convinced that Sapiens will just do fine and eventhough its Asian revenue may not be as spectacular as everyone had thought, I think they will show a very healthy business in Europe and in the US. We will certainly find out in about 2 weeks from today.

Regards,

Addi Jamshidi
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