BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: treetopflier who wrote (507)	7/20/1998 4:50:00 PM
From: Boyce Burge	Read Replies (2) of 2477

This is the bad news... but it is mostly positive. Still a lot of fear outthere that wont be resolved til the august announcement of earnings. Bea Systems Down 6%; D. Rauscher Sees Back-Ended 2Q Sales By Maria V. Georgianis NEW YORK (Dow Jones)--Bea Systems Inc. (BEAS) fell as much as 12% Monday following Dain Rauscher Wessels analyst Marshall Leisten's morning comments that the software company's fiscal second quarter was more back-end loaded than usual. Leisten expects slightly more than 50% of Bea Systems' sales to close in July, the final month of the quarter. Typically, he said, the company generates about half of its revenue in the third month of a given quarter. Leisten maintained his second-quarter earnings estimate of 7 cents a share, saying Bea Systems has an "extremely healthy" pipeline of prospective orders in the quarter. The analyst said the company attributed the slight rise in the amount of sales expected this month to an increase in average selling prices. Bea Systems Chief Financial Officer Steve Brown confirmed Leisten's information, but he said it was nothing that hasn't been previously reported. Brown declined to specify what percentage of revenue was expected to be generated in July. Bea Systems, which is in its quiet period, plans to report fiscal second-quarter results Aug. 20. The company develops middleware, or software that helps glue together diverse computer systems and software written for different platforms so the pieces can communicate with each other. Bea was recently off 1 9/16, or 6.5%, at 22 5/8 on Nasdaq volume of nearly 2 million, compared with average daily volume of 651,100.

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