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Technology Stocks : IFMX - Investment Discussion

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To: Tom Gebing who wrote (12427)12/3/1998 9:37:00 PM
From: Peter Piper  Read Replies (2) of 14631
 
MENLO PARK, Calif. (CBS.MW) -- Shares of Informix jumped 20
percent in heavy trading Thursday after the company met with several big
money managers, CBS.MarketWatch.com has learned.

"We're making a more pro-active outreach to
investors," said Stephen Jones, who handles public
relations for the database software maker (IFMX).
Jones declined to be more specific about the
meetings.

Shares jumped 1 1/32 to 7 Thursday on volume
that was seven times heavier than average.

In other news from the database market, Sybase
(SYBS) will lay out plans for future growth on
Friday, spokeswoman Mary Shank Rockman said.

Jones said Informix representatives have been
meeting with several large investors since the
company reported third-quarter results at the end
of October. In the quarter, Informix earned 10
cents, 3 cents more than analysts expected. More
importantly, sales rose 23 percent, including a 24
percent increase in sales of core databases.

Informix is trumpeting this news as it tries to rebuild Wall Street's trust
after weathering an accounting scandal and about two years of declining
sales.

The company held its first formal meeting with financial analysts in a year
in mid-November. (It took place one day after database titan Oracle held
its meeting with analysts.)

The database-sales growth at Informix is in sharp contrast to the 20
percent decline in database sales for the same period at rival Sybase. See
related story.

Sybase had been expected to further clarify its growth plans in a
conference call Dec. 1. But now the call has been put off until Dec. 14. A
company spokeswoman said the delay was made to allow Sybase
executives to go on a roadshow of their own ahead of making a public
announcement.

Shares of Sybase -- the third-largest database software maker -- dipped
1/8 to 6 13/16 on Wednesday, less than half their 52-week high.
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