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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (1337)	7/19/1999 10:46:00 PM
From: GregS	Read Replies (2) \| Respond to of 9677

Bob, thanks for your polite reply, P/S is low, probably as a result of low quality of sales in the past. It is astounding that a single small sale to MSFT would result in a 400% increase in the stock's price in one day. A move like that is likely not the result of investors viewing FSTW as a more viable enterprise, but is more likely the result of a pure feeding frenzy. Tommorrow we should see a corrosponding selloff. After all, what technology does FSTW offer that can't be found in other CRM vendors. The movement in todays stock price was driven initially by a misunderstanding, that being that many buyers thought MSFT was somehow integrating FSTW technology into some MSFT product, which clearly isn't happening. Tonight that realization is setting in with a gut-wrenching thud. Tommorrow, watch this stock be bid up higher in pre-market, only to come crashing down at open. Will FSTW survive longer term? Siebel is a tough competitor, the CRM market is more mature than several years ago, and FSTW likely can't show the investment community sustained revenue and earnings growth to justify a stonger P/S that more legitimate competitors enjoy. Those stong P/S ratios are earned, not bestowed overnight as this one was. Congratulations to investors who enjoyed a three-bagger today. Hope you booked your profits, and reenter when this one gets back to $3.