SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Peritus Software Services (PTUS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JSI who wrote (1539)7/24/1998 8:42:00 PM
From: Big Dog   of 1960
 
I found this on Yahoo by a poster named Karlieboy:

The revenue stream was disappointing which also affected earnings. I
don't understand how they are not making more. Companies say they are
spending 10's of millions on Y2k problem. If PTUS gets a contract from
Union Bank or B of Boston why aren't they at least getting several mill per contract up front? Obviously, the company is on the mend but I expected more.

I think many of the new investors who saw this as a "hot stock" jumped out when the downturn started today. Also, MM's were short from the big run-up so when selling started they took bids down every time someone sold on the bid. The momentum is gone.

Also, the conference call left a lot to be desired. Nothing said about
Euro conversion plans; no mention of big TELCO contract if they got one from AT&T; no mention about what company is doing about 144 sales (if anything); no mention about growth of company without Y2K sales; nothing about share buyback.

The last factor affecting PTUS is the overall "out of favor" of the Y2K stocks. TAVA hit 6 3/4 today after many positive press releases and being at 11 just 2 weeks ago. VIAS with strong balance sheet, stock buyback program, and insider BUYS hit interim low of 12 7/8 today. I still believe this sector will be in favor some point this year but it's not today.

The stock will have to base out somewhat but I think it will be higher
in several weeks. Upside at 5 certainly greater than downside IMHO.
However, opportunities will probably present themselves in upper end of 4's. I don't see new lows.

Karl
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News