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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (30252)	11/19/1999 1:01:00 AM
From: westpacific	Read Replies (1) \| Respond to of 108040

PVSW - wireless play going into next year. Similar to fall off that happened to CNQR. If you have extra cash or looking for a longer term hold with 100% Upside within 6 to 8 mos., this is a great bet. I am holding this in my IRA and accumulating on further weakness. Read this report the day the stock dropped 2/3rds in value. Seq. growth is alright, good revenue and again spending on R&D in the wireless area. Pervasive Software cut by two-thirds New spending initiative to rip hole in balance sheet By Brenon Daly, CBS MarketWatch Last Update: 6:19 PM ET Oct 22, 1999 Pulse Report AUSTIN, Texas (CBS.MW) -- Shares of Pervasive Software lost two-thirds of their value Friday after the company unveiled a new spending initiative that will rip a hole in the balance sheet next year. Pervasive (PVSW: news, msgs) plans to spend big to attract Web developers to its Tango product. Hambrecht & Quist analyst Jim Pickrel slashed his projections for next year from a profit of 50 cents per share to a loss of 29 cents. Pickrel also scaled back his sales estimates for next year to $76 million from $83 million. He also cut his rating on the company to a "market perform" from "buy". He was joined in the downgrade by analysts from Needham, Robertson Stephens, First Albany and others. See Ratings Page. The stock dropped 24 1/16 to 12. Pervasive Software chief executive Ron Harris said the company took the step so the company can address the huge wireless market. "Wall Street doesn't like surprises and they don't like surprises that take down profitability," Harris said. The company will spend $13 million over the next year, mostly for marketing the new initiative. Harris added the company will start seeing "a payback" in the second half of next year. The "abrupt about-face" -- as Pickrel termed the new plan -- came after the company reported third-quarter earnings that were in line with analysts' expectations. Pervasive earned 9 cents per share on sales of $16.7 million. That compares to 6 cents of earnings on revenue of $11.8 million in the same quarter last year

To: puborectalis who wrote (30252)	11/19/1999 8:36:00 AM
From: Ellen	Respond to of 108040

Good article on Linux, Stephen, I appreciated reading it. CORL is another Linux-related stock also. Message 11988218 To: A. Reader who wrote (7809) From: Ellen Thursday, Nov 18 1999 4:54PM ET A., I've been in and out of this several times myself the past few weeks. In the past month or two I've seen many large-sized blocks of accumulation - presumably institutions. And I have not seen that same amount sold, even during this most recent volatility. So, I believe most of the 'ups & downs' of the past week or so is quite largely individuals just trading it. ... The following, from Thomson I-Watch, seems to 'confirm' my observations. I think the institutions are still holding...looking for more. Comments welcome. CORL -- Multimd & Grphc Sftwr -- Technology 18-Nov-99 11:48:20 Shares of Corel have finally cooled down following a 4-day rally that resulted in a 55% gain on significantly heightened volume. The stock's average daily volume for the past 4 sessions is 9.66 million compared to its 20-day average of 3.5 million shares. In today's session, about 4 million shares have already changed hands while the stock's price has dropped $15/16 to $12 1/2. CORL was higher earlier in the session but a recent bout of profit taking has brought it into negative territory. The stock's recent upward swing, as well as today's downward move, are the result of day trading, primarily by individuals. While professional market makers are obviously trying to get a piece of the action, the driving force behind CORL is retail day trading. This is consistent with the total trade volume on I-Watch which shows about one-half of today's volume has been claimed by retail brokers. What about the institutional portion - is that true institutional buying or just professional day trading? Well, given that just 3% of today's activity came in blocks of over 10,000 shares and the recent huge run-up in the stock's price, it is unlikely that big-money investors are participating in today's session. Who's behind the sell interest message and super buy message? Well, market makers are most likely trading on behalf of their own house accounts, looking to re-store balance in their positions follow some volatile trading sessions. A look at the super buy message reveals it is for just 50K in stock which is hardly a significant amount for a stock that has already traded an excess of 4 million shares today.