The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Glenn who wrote (34081)	4/29/1999 2:02:00 AM
From: MARK C.	Read Replies (2) of 90042

Glenn, Do you know anything about AXNT? I was all set to buy them because they beat estimates always then they preannounced and the stock got hammered. I think it may be a value play through summer. CEO had this to say: After 11 consecutive quarters of exceeding our expectations, we are disappointed with the results of the first quarter," said John Becker, CEO and chairman of the board of AXENT. "Like other software companies, we have experienced unanticipated delays with a number of enterprise orders for a variety of reasons including the shifting of customer budgets and spending to year 2000 and other issues. Based on the preliminary quarterly results and subject to continuing general market uncertainties leading up to the year 2000, we now expect 1999 revenues to be in the range of $120 million to $130 million and earnings to be approximately break-even before non-recurring items."

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