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Technology Stocks : IFMX - Investment Discussion

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To: Mo Chips who wrote (9330)2/12/1998 7:00:00 AM
From: J Bertrand  Read Replies (2) of 14631
 
Mo,Pierre,

We understand your cautious thoughts, but I don't think you understand
how spectacular this achievement is. Three months ago this stock was considered dead. They weren't going to survive. Larry said they couldn't possibly survive. Now they have smashed estimates by .21 cents. They weren't supposed to have a profit for another 2 quarters. They have a nice profit and a great start now. This will get a lot "potential" customers who were taking a wait and see attitude off the fense. This turnaround has happened so fast that I fully expect the company to continue to post profits. Momentum is going to build especially because they are so focused on the task. Remember, it was never a product problem. It was a marketing and financial problem.

I told you Informix would lead the database companies out of the funk. There is growth out there. There are new markets to attack.
Anyone who thinks that this stock is retracking back to the 6-7 range
is crazy. This is a bonfide turnaround. This stock should NOT be trading at 7 PERIOD.

This stock will begin to trade between 9-12. WHEN they produce additional profitable quarters, we will see it climb back to the
mid teens. And, if the markets are really growing at 25%, don't be surprised to see it in the 20's in 4 quarters. Don't forget that the database industry is capable of making a lot of money. Remember, they were among the easiest bets for years because they did make so much money.

Finally, do we have the right to be this exuberant. You bet we do! Nobody can take that away from us. We have been through a very painful period with Informix. We stuck it out. We have the right to celebrate and expect great things from this stock. The facts are on our side.

To our bulls, you keep celebrating. You earned it! This is real!!

Jeff Bertrand
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