Merant - MRNT (formerly MIFGY) Message Board

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Technology Stocks : Merant - MRNT (formerly MIFGY)

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To: Ian Burton who wrote (411)	2/23/1999 8:39:00 AM
From: PCSS	Read Replies (1) of 461

I believe these results show the beginning of MRNT's turnaround. Although not great, more importantly it's not terrible or bad, which I had expected due to the general morass which occurred. This quarter was what I had expected to be the 'garbage' quarter, where all types of 1-time expenses/restructuring/sins could have been 'written-off' without much downside stock price effects .. since at current price little to no downside is available. With a bad qtrly results optimistically I would have expected a 9-12 month stock price (to 20+) recovery cycle. I now think we have seen the bottom and MRNT will go UP from here, maybe not quickly but steadily within 6 months. Maybe sooner due to its already beaten down price. Afterall, one must realize MRNT's products are great and sector leaders, new products (i.e.- E-COBOL) will begin to have ++ impacts, Y2K/Euro consulting impact is winding down (and because of MIFGY's debacle here there won't be substantial revenues to make up), the 'new' management team is experienced in dealing with challenging turnarounds and aggressively taking ++ strategic steps. JMHO Michael

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