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Technology Stocks : IFMX - Investment Discussion

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To: frank doolittle who wrote (9355)2/12/1998 5:16:00 PM
From: Bill Bishop  Read Replies (1) of 14631
 
More on IFMX from CBS MarketWatch today.

Analysts see no growth at Informix
Analysts dismiss profit as investors bid stock up 20%

By Brenon Daly, CBS MarketWatch
Thu Feb 12 16:22:02 1998

MENLO PARK, Calif. (CBS.MW) -- Even as investors bid up Informix shares 20 percent Thursday, analysts warned a surprising fourth-quarter profit at the ailing database company won't overcome the sluggish demand for its software.

"Being exclusively a database company is not where you want to be today," said Rob Tholemeier, analyst at First Albany. Revenue from databases, which helps businesses organize vast amounts of information, in 1997 will be about the same as last year, he said.....

cbs.marketwatch.com

Bill Bishop
CBS MarketWatch
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