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Technology Stocks : Progress Software

PRGS 42.10

-1.4%

12:58 PM EST

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To: Jerry S. who wrote (249)	5/5/1999 10:05:00 AM
From: derek buckingham	Read Replies (1) of 296

Strange why the stock went down so much after releasing stellar earnings over the last year. My guess is some institutions dumped and are now buying back for the next earnings. Perhaps PROGRESS have a buy back program. I ve worked with Progress over the last 12 years and for me its a gem of a company with the complete range of software development tools. I m hoping PROGRES is eventually going to get noticed as a company which provides tools to make internet/ E-commerces sites. Hopefully a few more YAHOO type deals would help. My target is 40$ plus...

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