Macromedia...making a comeback? Message Board

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Technology Stocks : Macromedia...making a comeback?

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To: Mohan Marette who wrote (2473)	5/26/1999 1:53:00 PM
From: Scott Kessler	Read Replies (1) of 2675

Make no mistake about, MACR is a software co. pinning its hopes to to the promise of Net. In this way, MACR is much like ADBE, INTU & RNWK. All are software cos. that are using the Net to increase revenues & revenue growth. I've liked MACR very much & got in after the pullback from $53 to $42 (more than 20%!). The interesting thing about MACR is that, yes, they have nearly a monopoly position in software that makes for rich media content (animation, etc.) on the Web (Java can do some of this stuff), and yes, shockwave.com is coming, but the stock trades @ a very reasonable fwd. p/e multiple (39), especially for a "Net" stock w/ expected 5-yr. growth of 32%. Once broadband is more widely deployed, I could see this stock moving akin to how RNWK surged from the teens to ridiculous heights. Short-term, I see some analyst upgrades & EPS estimates after the recent announcements & user event.

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