Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (16985)	10/13/1999 9:06:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Ken & Mike, what a chart on IONA!!!! Today's pop was not necessarily from Prudential's upgrade (another analyst right on top of things). IONA had been moving up steadily in Ireland in anticipation of strong earnings. The ADR hadn't been moving in synch and kicked in today. It also got some help from a new Sun Micro deal (not carried on Yahoo news, btw). Overall, I think that IONA is fairly priced right where it is right now. Nice looking stock for a hold. From Bloomberg, 10/1/99: <The Irish applications/software company is a recommendation of ABN-AMRO, a Dutch bank. The company is expected to benefit from corporate tax cuts, government-provided training programs and venture capital totalling $110 million for software firms. In addition, shares are trading at a 41% discount to the sector with a solid growth rate.> Sergio