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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (76026)	12/20/1999 12:55:00 PM
From: alice simmons	Read Replies (3) \| Respond to of 120523

ICGE..need a little help. It looks like it ways to run some more. Anyone holding???

To: lee kramer who wrote (76026)	12/20/1999 8:25:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Why MGIC will soar more.. 1999 and 2000 are expected to see profitable operations at Magic Software Enterprises. Magic Software Enterprises develops, publishes, markets and supports a family of software tools, which are used to develop software programs without writing any lines of computer code as is required in conventional programming languages. Earnings in the area of $1.25 per share are currently forecasted for 1999. This would represent improvement from the prior year loss of $-1.13 per share. For 2000 earnings are expected to increase again, with per share results in the area of $1.70 currently forecasted. From Saturday's LA Times Business Section - about MGIC Magic Software Enterprises Ltd., an Irvine e-commerce services provider whose stock price has more than doubled in the past six weeks, said Friday that it plans to acquire a majority interest in a Netherlands business partner. Magic signed a letter of intent Friday to buy 51% of CasWell Logistics BV, an Amsterdam-based software developer that Magic has worked with for the past 12 years. Financial details of the proposed acquisition were not disclosed. The deal, pending shareholder approval, is expected to close in the next few months, Magic officials said. Upon closing, the Netherlands firm will be renamed CasWell Magic Logistics BV. Also on Friday, Magic closed its previously announced majority acquisition of its Hungarian software distributor, Onyx Software Enterprises Ltd. Financial details were not disclosed. The acquisition gives Magic a 51% chunk of the newly renamed Magic Onyx Software Enterprises Hungary KFT. Magic's stock price dropped $1.50 Friday, closing at $66.50 a share on Nasdaq. From Monday December 20: theaudioinvestor.com It is a sector that I am watching carefully and its analyst concensus of 1.20 is the highest for any stock in that sector. Magic Software (MGIC) 1.20 Rational Software (RATL) 1.03 Brio Technology (BRYO) 1.00 Continuus Software (CNSW) 1.00 Inprise (INPR) 0.67 Rogue Wave Software (RWAV) 0.40 Inference (INFR).40 Merrill Lynch Report on MGIC Part I messages.yahoo.com With major new contracts in the Netherlands, Australia, Italy, Germany, and France, Magic should see 70% top-line growth from USD60mn in 1999 to USD100mn in 2000. Net income is forecast to grow from USD10mn to USD17mn in the same period excluding any sales of the Lynox tool. Don't just listen to hype who want to push down a good company. Shorters might get a few points here and there but MGIC is here to stay IMHO..