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Technology Stocks : JDA Software

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To: Andrew who wrote (153)8/7/1998 4:25:00 PM
From: Robert Knight  Read Replies (3) of 371
 
JDAS up 2 today as the stock closed quite strong at 16 7/8's....

A key thing to remember on this one is just a few months ago Morgan Stanley, along with DLJ, saw fit to give this Company $100 million at a post split price of $30 per share.

Am I missing something here? Is MSCO & DLJ missing something? 69% increase in revenue, 56% increase in net income, flush with $85 million in cash. Can anyone say acquisitions?

For this stock to be clobbered as hard as it has based on licensing revenue slowing is missing the proverbial boat.

IMHO JDAS will BEAT projected earnings next quarter. DLJ must have liked what was thrown at them this week. Buy recommendation and a target of $30 is not to shabby....

Robert
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