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Technology Stocks : Autodesk! Ready to rise?
ADSK 300.75+1.3%3:59 PM EDT
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To: Tony Levy who wrote (54)2/26/1997 10:37:00 PM
From: Peter Church   of 77
 
Anybody hear the conference call today? Here's what I gathered:

FY 97 revenue was down but expect higher growth in 1998. Diversification, aquisitions and R14 will keep the growth rate in the 20's. Europe was a drag as was the dollar. They expect 1998 to be the year of execution and the "pay off time". There are 10,000 beta test users for R14. The slogan is "faster, compelling, high quality". They have had positive feedback even from R12 users and feel optimistic about it. They'll start to sell it in 2Q. They will continue to buy shares back at the market. Softdesk will result in $50 million charge. April 8th is Analyst's Day in N.York. They will have more satellite conferences.

Will the stock raise on these optimistic projections?

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