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Technology Stocks : CATP-The stock is taking off
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To: A. Edwards who wrote (512)3/19/1999 10:29:00 AM
From: A. Edwards  Read Replies (1) of 782
 
''We believe the shortfall will result in a credibility problem,'' said William Becklean, an analyst at Tucker Anthony, wrote in a research report. ''There will be little potential for stock price appreciation until management can demonstrate for several quarters that it has regained its ability to adequately forecast and execute against its stated business objectives.'' Becklean, lowered his rating to market perform.

Cambridge, which warned that revenue will fall short of expectations, blamed the lower than expected forecasts on a reorganization that hasn't paid off as quickly as expected. That caught some analysts and investors by surprise.

Investments in sales and technical training, field marketing and other
areas aren't paying off as fast as anticipated, Chief Executive James
Sims said in a statement. In addition, falling demand for some software licenses hurt sales of its services that install the software. ''By their own admission, it was principally internal issues as opposed to the market being weak,'' said Mark D'Annolfo, an analyst at Adams Harkness. ''The reorganization was far more difficult than they thought.'' D'Annolfo lowered his rating on Cambridge to ''market perform'' from ''strong buy'' today.
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