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Technology Stocks : Hummingbird Comm. (HUMC)
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To: Sultan who wrote (1565)4/27/1998 7:58:00 PM
From: Martin Goldenberg  Read Replies (2) of 2018
 
Sultan, hang in there. From my previous post I wrote:

I believe there is more revenue to come from the UK deal and HUM will have to announce fairly regular sales, acquisition, and alliance deals in their new BI (data warehousing) business to keep investor confidence up. i.e. that their new business venture is healthy, growing, and is on track with their projected 20-25% earnings growth. The closing market price on Friday clearly underscores investor concern on this point.

So this announcement is a positive. This could represent about $1.5M of income which would represent 5% increase in revenue over this last quarter. If there are more of these announcements to come, let's keep counting the accumulative speculative income.

It was a crappy day on the market and another crappy day for HUM stock price. I am not going to be discouraged until I perceive strong evidence of any shortfall on their predicted BI business growth.

So overall, I am trying to preserve my objectiveness even though I am a long term bull.

As I mentioned before I think this quarter is critical. Let's hope we begin to see more announcements of this type.

It occurs to me that since these type of deals do not happen overnight, maybe Sorkin knows something about imminent deals that enabled him to boldly project a 25-30% BI earnings growth. Just a thought.

I know my previous quote indicated 20-25% but I had erred on this. Sorkin's projection on Andyne business growth was 25-30%, and 40% for HUM overall. Gutsy huh? (In canadian speak, its "gutsy eh?")

Martin
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