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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM)

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To: Wallace Rivers who wrote (482)1/5/1999 11:19:00 PM
From: Shane M  Read Replies (1) of 721
 
Wallace,

Yes, license growth has slowed for now to 14 to 18%, but it seems to me the stock price has discounted that. I'm willing to give some of the slowdown to Y2K issues for now and watch what happens.

The accounts receivable do seem to be high. This isn't a new developement as they were high at the end of last year too. I haven't contacted the company, but if anyone does it would be interested to know why sales remain in A/R so long. This is much more than can be explained by back end loaded quarters.

Here's the last press release I can find.

quicken.excite.com

Has some good info. Claims 55% market share by # of units sold. Product is highly regarding in the industry claiming top award for 5 yrs.

Shane
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