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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (209)	8/2/1999 5:05:00 PM
From: Wizard	Read Replies (1) \| Respond to of 2110

>>I can't see any real good news for this stock until next year to tell you the truth. Ariba has a lot of blue chip customers in the pipeline to be announced over coming months. The stock is tailing down but it doesn't appear to be anything out of the ordinary for such a stock. There is no y2k risk for ARBA. Even if lockdowns are 10x the worst current forecast, ARBA will power right through it. The risk is that the current revenue multiple falls faster than revenues grow. From a pure growth perspective, ARBA reported $25.2mm in deferred revenues for 6/30, +34% sequentially. Moreover, deferred revenues are up over 6x from 9/30 vs revenues up about 2.5x... ARBA is using conservative accounting and growing reported revenues nearly 400%. This story is clean and its just a question of valuation. This is not a good stock to own in the short-run if growth stocks continue to correct but its a great one to hold when such a correction ends.