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Technology Stocks : Jacada Ltd (JCDA) -- Ignore unavailable to you. Want to Upgrade?

To: john rieck who wrote (190)	11/14/1999 6:06:00 PM
From: Steven Messina,L.M.T.	Read Replies (2) \| Respond to of 401

Re: JCDA earnings estimate John, ..concensus estimates were calculated at (.02) Jacada beat the street. As usual, daytraders sold the am gap and the Nasdaq tanked due to a Bear Stearns screw up of a sale of 2,000,000 shs of QQQ in error..dropping the Nasdaq 60+ pts. All this "fear" added to the weak JCDA hands selling to lock in profits. Market makers were able to take advantages of the JCDA selloff to accumulate shs. Market willing (due to this tuesday), we shall see which way JCDA heads. JCDA will be presenting at a Business to Business Automotive conference in Detroit tomorrow and tuesday...bodes very well considering her ties with the likes of Porsche and Saab. Perhaps we're after the BIG 3 now..time will tell. Here's the earnings scoop from Friday. Hope this helps: Newly public Jacada breaks even By Barbara C. Costanza, CBS MarketWatch Last Update: 4:39 PM ET Nov 12, 1999 NewsWatch ATLANTA (CBS.MW) -- Jacada shares rose Friday after the Internet-infrastructure specialist said revenue rose 50 percent in its first quarter reporting results as a public company. The Atlanta-based company (JCDA: news, msgs), which made its Wall Street debut Oct. 15, said after the close of trading Thursday that it earned $15,000, breaking even in per share terms, compared to a loss of $581,000, or 5 cents a share, in the same quarter last year. On average, analysts' estimates put the expected results at a loss of 2 cents a share, according to First Call. "Although we had not planned to report a profit for the quarter, we benefited from the strong revenue growth, which reflects our current balanced business model," said Ran Oz, chief financial officer. "We are pleased with the results, but remain committed to investing very heavily to grow the business to capitalize on Jacada's outstanding market opportunity." The stock closed up 5/16 at 26 131/16.