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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: LastShadow who wrote (10736)6/27/1998 12:53:00 PM
From: Jenna  Read Replies (1) of 120523
 
LGTO..portrait of a winner. and a real "Market Gem". Example of what will be on our earnings plays watch list this July. LGTO has been an earnings plays for 3 consecutive earnings seasons and will be on our list for a 4th time. It has a correlation coefficient of a perfect 1.
Earnings acceleration for the past 4 quarters. Among earnings shortfalls there will always be the companies that will continue to grow.

Storage Management Software.. This company has grown at an %82% annual rate since 1994. Sales have grown at a 71% rate over the same period. In the first quarter, earnings jumped 56% to 14 cents a share. Sales climbed 68% to 27.8 million.

Last year, LGTO began shipping its Global Enterprise Management of Storage or GEMS, software. It's the first product to let network managers control stored date across an entire company from anywhere in the world.

Legatg=o has plenty of room to grow. The market for storage management software topped $1 billioon last year and should grow 30% to 40% annually through 2001.

Legato is expected to earn 64 cents a share in 1998 up 42% from a year before. First Call says. Earnings could rise 45% to 93 cents in 1999.

*excerpts reprinted from Investor's Business Daily Friday June 26, 1998
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