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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM)
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To: Wright Sullivan who wrote (600)4/25/1999 5:36:00 PM
From: Shane M  Read Replies (2) of 721
 
Wright,

Yeah, I was probably too strong in saying they were betting the company on eMRO. I guess it would be more appropriate to say they have very high hopes for eMRO and expect a large future revenue stream from eMRO.

I also noted the comments about cleaning up the balance sheet and liked the response from the analysts. The focus on bringing down DSO was also a good sign IMO. (I think that means "days of sales outstanding" as receivables.) Anyhow, if the demand is as strong as they're saying they should be able to a better job of setting terms to bring down the amount listed in receivables. The interest income off of that alone would be a material event.

Shane, they also mentioned ITWO, which you and I spoke briefly about, as another company like DSTM whose revenues were not affected negatively by the Y2K pullback, though they were being lumped in with the ERP crowd anyway.

ITWO is my largest holding and I was very happy with ITWO results. Another company mentioned (I think) in both the DSTM and ITWO CC's was Peregrine Systems PRGN. I say "I think" because in both cases I didn't hear the mention clearly enough to be certain. At first I thought they said "Paragon" but I can't find any software companies going by that name with solid results so am assuming Peregrine is company in question. Hadn't heard of it before so will have to look into. It's stock seems expensive right now though. Another company that seems somewhat immune to Y2K is Seibel Systems SEBL. I opened a small position there following what I felt was an excellent conference call.

Shane
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