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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (16940)	7/2/1999 10:48:00 AM
From: Triffin	Read Replies (2) \| Respond to of 56537

max90 .. ASDV From a TA point of view .. looks like the stock just 'filled the gap' from the end of first quarter debacle .. ----------------------------------------------------------------- Software sales decline as contracts slip By Brenon Daly, CBS MarketWatch Last Update: 4:48 PM ET Apr 5, 1999 MOUNTAIN VIEW, Calif. (CBS.MW) -- Shares of Aspect Development lost two-thirds of their value Monday after the company warned its first quarter results will be "significantly below" analysts' expectations due to three unsigned contracts. The company (ASDV) reported in a release that sales will be $14 million to $15 million, with net income between breakeven and $1 million. That includes a $3 million one-time gain. On an operating basis, CS First Boston said the company will lose 10 cents per share instead of the profit of 12 cents per share that analysts expected. CS First Boston analyst George Gilbert slashed his rating on Aspect to "hold" from "strong buy." U.S. Bancorp Piper Jaffray analyst Tom Berquist trimmed his rating to "neutral" to "buy." He noted that sales of Aspect's software, which allows businesses to keep track of supplies, will probably decline 60 percent to $4 million. Berquist had expected license growth of 55 percent, or $15.8 million. Aspect said a trio of deals -- representing $12 million in sales this quarter and another $13 million later -- didn't get signed, Berquist noted. The company didn't indicate when the contracts would get inked. Shares of Aspect dropped 14 15/32 to 7 15/16, down from a 52-week high of 45. EOM ------------------------------------------------------------------ Would make sure the 'fundamentals' have been repaired before jumping in .. near term target 28 .. Jim in CT ..