Viasoft is an excellent stock, but what about the company? Message Board

STOCKTALK

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 : Viasoft is an excellent stock, but what about the company?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: williet who wrote (70)	1/15/1997 3:58:00 PM
From: Andrew G.	of 169

Hey all you Shorts! Sorry to spoil the party: NEWS: BOSTON, Jan 15 (Reuter) - Viasoft Inc and Matridigm said they will partner together on a Year 2000 software, aimed at solving a software glitch that will cause large mainframe computers to crash when the year 2000 arrives. Many mainframes use a two-digit dating system, which can not recognize dates after 2000 and beyond. The two companies said they are in talks to develop specifications that would couple Viasoft's analysis of organizations' application portfolios into MatriDigm's software change capabilities. "In a nutshell its very good news," said Emerald Research analyst Joe Besecker. "MatriDigm has the best technology we've seen out there and superior management. Combined with a strong marketing arm at Viasoft, this could will be a strong collaborative effort," he said. "The Year 2000 problem is a very large problem -- the Gartner group has guessed it could be worth between $300 and $600 billion," he said. The news sparked heavy trading in Zitel Corp , which owns a stake in MatriDigm. Zitel shares erased an early deficit of about 10 percent and climbed slightly, up 1/4 to 37-1/8 in heavy trading of nearly five million shares. The stock has had a wild ride over the past month. It was trading at in the low 20's at the end of November but enthusiasm for the industry triggered a wild run-up on December 18. Speculation that George Soros was planning to buy into Zitel brought demand to a fever pitch, tripling the stock's price. After the rumour was quashed, the stock settled back but has remained in extremely volatile trading since. Viasoft shares fell 1-3/16 to 62-1/16. Earlier, they had hit a new year high of 65-1/4. Other Year 2000 companies were flat or moved slightly lower. Accelr8 Technology shares were flat at 16-7/8 while shares of Data Dimensions and TSR Inc both lost just over two percent of their value. ((-- Jennifer Westhoven (212) 859-1881)) REUTER Rtr 13:11 01-15-97 Copyright 1997, Reuters News Service

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next