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Technology Stocks : IQ Software (IQSW)

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To: Doug Hegney who wrote (4)	1/16/1997 10:47:00 PM
From: Dyesir	of 123

Doug, I spoke with Rick the other day. Chaudry left to join a start up but that is not a big loss. He sold his stock every time he could excercise option. I alson spoke with the new California office. Ms O'shay is dinamite as far as I can tell. She left ORCL where she could have become Regional VP of sales . Said she made to many people Millionaire at ORCL now time for her to prosper. Gave me some details on her new hires as she brought 5 a+ players with. Interstate Johnson Lane research reiterated buy 1/6/97 at 20. 12-18 month target 42. Obvious, a seller has been around since Dec 6 -- Chitty sold 45,000 but that is not the current problem. I beleive tat TCW Group (229,100) berkley Cap (105,000) and First Irish (105,000) all bot back in April to June quarter.. Probable that managemnte decision to liquidate as Capital and float too small for these players. Close over 20 1/2 will confirm seller is gone. Look for big things this year. Cognos is behind on Web Based - Business objects will be back as competitor though. Sales team in place - San Jose office will ramp sales Be patient - Dyesir

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