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

To: SouthFloridaGuy who wrote (40579)	12/8/1999 10:45:00 AM
From: Kimberly Lee	Read Replies (5) \| Respond to of 108040

Feature stock of week: ForSoft Ltd. (Nasdaq: FORS). Key competitor of RHAT and MGIC, as listed in Hoovers: hoovers.com ; Float = 2.7M, Current price 10 5/8 Catalysts for coverage: 1. Reliable sources indicate that ForSoft is poised to enter the LINUX operating system market. 2. Even without the Linux angle, FORS is gravely undervalued: 1 year revenues growth = 68%, 1 year net earnings growth = 155.9%. At the current stock price, the company enjoys a PE of merely 14, an incredible bargain in the IT sector and a still more attractive bargain among the Linux playing field. ForSoft Ltd. Ticker: FORS Page 1 of 10 Complete Financials: June 1999 Exchange NASD Earnings Announcement: September 1999* FY END DEC ISSUE DATA (12/03/99) PER SHARE DATA RATIOS Price $ 9.00 EPS (TTM) $ 0.64* P/E (TTM) 14.17* 52W High $ 12.19 Div. Rate $ 0.00 Yield 0.00 % 52W Low $ 5.50 Book Value $ NA Price/Book NA Shrs Out 13.02 Mil Cash $ NA ROE (TTM) NA% Float 2.70 Mil Rev (TTM) $ NA ROA (TTM) NA% Mon. Vol 0.89 Mil Curr. Ratio NA Beta 0.32 LT Dbt/Eqty NA BRIEF: Forsoft Ltd. designs, develops and implements high-quality, business critical information systems and applications for large organizations. The Company is a leading provider of information technology (IT) services in Israel. For the 6 months ended 6/99, revenues rose 27% to NIS123.8M. Net income from continuing operations rose 12% to NIS17M. Results reflect higher sales volume, partially offset by NIS1M in development costs and minority interest. PRELIMINARY: For the 3 months ended 09/30/1999, revenues were 69,518; after tax earnings were 8,675. Hoover's lists RedHat as a principle competitor of FORS hoovers.com