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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (24498)	12/5/1999 6:16:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70492

Hi Doc, Mattie was the one that found it. I have not followed it since the first bit of trouble they ran into when the management overstated earnings as few years back. I bought the breakout, but I did not get the follow through. This is a longer term position trade, I did not expect it to unfold overnight. I talked to someone who knew the business at that time . He said that their datablades product was superior to the Oracle product. I agree with most of what is in the article. I had a conservative target of $16.50 before the Ardent acquisition, higher if the hype of B2B internet took hold next year. Im a related vein, the NT conference call mentioned that they expect B2B to be huge next year for the infrastructure side, so I am concluding that the B2B growth will be real next year. Like the Y2K I don't expect it to be as big as the projections. The fact exists that the strategy will take away some sales away from the traditional business sales channels. The objective is that it will provide cost saving longer term and improve customer service. I don't know much about Ardent. I will have to do some research. On the surface the strategy looks fine. Did they overpay? I don't know the cash flow and revenue model at all so I can't say. I saw your post on the RFMD thread. The lack of a true bounce on Friday is a bit worrisome. It is a funny stock, most of the trading seems to be retail in nature. I usually don't see too many large blocks go through.I like the story, but I am cautious about high P/E stocks where the near term growth in earnings do not justify the price right now. That is why the interest in IFMX and VARL.

To: drsvelte who wrote (24498)	12/6/1999 5:08:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70492

To: mark (13731 ) From: Gary Korn Saturday, Dec 4 1999 1:01AM ET Reply # of 13742 From the 12/3 CTSL newsletter (Michael Murphey): Informix (Issue #377) agreed to buy Ardent Software for $772 million in stock,gaining software to add e-com- merce customers.Ardent's software analyzes customer website behavior and integrates data from multiple sources. IFMX shares fell 12% on the news due to short selling. IFMX struck a deal with Virage,a maker of software for searchable and interactive video. Virage will catalogue IFMX ?s media asset management system, Media360,a inte- grated product with object-relational technology,content creation tools,web publishing,e-commerce and analytical solutions. The stock is our #1 buy under $12. CTSL also has set a 12-month price target of 28. Gary Korn