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Technology Stocks : Prophet 21 (PXXI) - Way Undervalued!

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To: Roy F. Baker who wrote (29)6/4/1999 1:48:00 PM
From: Dale Stempson  Read Replies (1) of 165
 
Here is some recent info on PXXI that I just ran across:

biz.yahoo.com

Progress Software Announces Program For ASP-Enabling 5,000 Applications Worldwide

(snip)

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As part of its announcement, Progress Software introduced ISVs that have already entered the global ASP market, including Prophet 21 Inc., and Systemcare:

Prophet 21, Inc., a leading provider of business software for customer-intensive wholesale distributors, recently announced its outsourcing partnership with equipment provider Sales Systems, Inc. to host the Prophet 21 Acclaim software solution. For a flat monthly fee, Sales Systems provides system administration and a complete and secure infrastructure with a predictable and economical cost to Prophet 21 customers. Customers enjoy a cost-effective alternative to internal maintenance without incurring significant hardware, software or implementation investments.

''We believe that more and more of our customers will recognize the rapid return on investment in outsourcing their current IT responsibilities, which will make them react more nimbly to future technology directions,'' said Charles L. Boyle, president and CEO of Prophet 21. ''Hosting the application server for our customers allows them to focus on their core competency and allows us to focus on what we do best.''

Prophet 21 plans to introduce hosting services later this year. They will provide a flexible, customized solution for customers to indicate the extent of IT responsibilities that will be handled internally or by Prophet 21. If the customer chooses hosting services, Prophet 21 could be responsible for both software and hardware updates as well as other system administration functions, which minimizes the need to hire, train or retain a skilled internal IT staff.

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Regards - Dale
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