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Technology Stocks : Applix is back in action
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To: Don Green who wrote (2496)1/28/1999 3:59:00 PM
From: nanocap  Read Replies (1) of 3014
 
Don, conference call was actually quite positive. In addition to expanding operating margins, company expects 15%+ top line growth this year (includes 40%+ growth in newer product lines and continued fall-off in legacy products), with operating margins returning to over 10% by year end.

Cash position was strong at year-end (up over third quarter), and customer interest/prospect activity was robust. Linux activity was strong and getting stronger - but admittedly this is a very small part of its business at this point.

If you noticed reports from Siebel, Vantive and Clarify, it tells you that interest/activity/sales of front-office applications are picking up speed. I have only been following Company for six months, but they have delivered based on their plans/goals as articulated in conference calls.

Although 15% net growth may not excite you, there are many variables within the industry that could up this rate substantially, and these guys have a lot of margin leverage.
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