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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: Risky Business who wrote (1226)2/21/1998 12:02:00 AM
From: Emec  Read Replies (3) of 1936
 
I spoke with Laurie today who handles investor relations for SDPNSF. I enjoyed speaking with her and said to call anytime with questions. She expects the Y2K business to accelerate but recognizes that this, by itself is temporary business. The nice thing about it is that it gets you a foot in the door for your primary business. They are already seeing the effect of this. I felt very positive about the future of the company after speaking with her. She also faxed me a copy of the research report put out by Arnhold and Bleichroeder on 2/10/98. Increased revenue target to $62.5 million. Decreased earnings estimate for 1998 to .36 and .60 for 1999 based on increased dilution due to FASB 128 not on a decrease in expected performance. 18 month share target is $18. They believe that the projected 5 year growth rate of over 60% justifies a target multiple of at least 30. Their estimates do not take into consideration the possibility of additional transaction related revenue from IBM's TransConnect product or potential royalty revenue from Falcon2000 partners. I suggest that you obtain a copy of this report. It was faxed to me by their outside PR firm Lippert/Heilshorn & Associates who also put me on the fax/mailing list.
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