Documentum (DCTM) Software Message Board

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Technology Stocks : Documentum (DCTM) Software

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To: Nick Arnett who wrote (353)	1/19/1999 11:56:00 AM
From: Wizard	Read Replies (2) of 600

this quarters earnings are fine. the rumors of a tough second 1/2 of year due to y2k concerns are swirling (again). the current estimate of $1.27 will likely hold even if they beat the quarter as analysts build conservatism for concern over second half. for that reason, I would wait to buy the stock or buy it right ahead of the earnings conference call and sell it on a relief rally. At 26x 1999 earnings, the stock discounts a lot of risk but if investors aren't going to believe in 2nd 1/2 numbers, the stock probably won't sustain an upward trend. long-term, the company is very well positioned and if they can get thru second 1/2 unscathed, growth will accelerate and today's $32 stock price will be a distant memory....

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