From Briefing.Com:
Macromedia (MACR...16 1/2)
Macromedia develops, markets and supports integrated software tools for Web publishing, mulitmedia and graphics on Windows, Windows NT, Macintosh and the Internet... In FY98, revenues rose 5% and company returned to profitability, posting a
gain of $0.04 v. a net loss of $0.15.
Trading Points
After Thursday's close, MACR reported Q4 earnings of $0.05, two cents above estimates and well above year ago net loss of $0.41.
Revenues in the quarter surged 127%, For the fiscal year, Windows and cross platform revenues rose 30% to account for 56% of total sales... Macintosh revenues equalled 44% of total sales.
Less dependance on Apple products combined with the rebound at Apple two factors behind company's impressive turnaround.
Strong pipeline of Web oriented products suggests that company will maintain its momentum.
Technically, company has spent past several weeks consolidating at, or just off, its 52-wk high... Look for strong earnings report to propel stock out of the narrow range and onto next resistance in the 20-22 area.
Volume indicators also bullish.
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