Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave Gore who wrote (58581)	1/7/2000 2:23:00 AM
From: Dave Gore	Respond to of 108040

MICHAEL MURPHY ON BMCS here's his take: Here's Michael Murphey's response by: joesnoshmo 1/6/2000 10:29 am EST Msg: 6761 of 6892 BMC Software (NASDAQ: BMCS) is down sharply today on the announcement that their earnings in the December quarter will be about flat versus last year. That's only a 9½ disappointment compared to the Wall Street estimate, but they absolutely killed the stock this morning. At one point it was down almost $30 to $47-1/8! The source of the disappointing earnings was a small shortfall in revenues. While the company will not use Y2K as an excuse, the truth is the December quarter had a lot of cross currents that caused this shortfall, including some customers who were concerned about upgrading to new software in advance of January 1. Most of the sales that didn't close were in North America, but that has been and will be one of the strongest geographies for BMC's products and I expect it to snap back quickly. I want you to buy BMCS today, taking advantage of the Wall Street panic. I expect a quick snap back to $55-$58, followed by a climb to $65 after the March quarter earnings are reported in late April. By the end of 2000 I expect the stock to hit $85 or better. This is exactly the kind of buying opportunity we wait for in Technology Investing--don't miss it. The news about BMCS is dragging down other big software stocks like Oracle and Sterling Software, but my worries about the direction of the overall market make me reluctant to strongly recommend those other stocks-yet. As I mentioned on the Hotline last night, I think the key to what's happening in the market right now is liquidity. Individuals and mutual fund managers were aggressively buying stocks during the last couple weeks of the year, and now everyone appears to be out of cash. We're also seeing a lot of profit takers who did not want to pay taxes in 1999 make their moves this week. I've been telling you for a couple of weeks to expect this correction. Do not worry about it. I view it as an opportunity to buy stocks as they come down below my buy prices. I do not recommend that you sell anything except for Linear Technology (which, as I advised you on last night's Hotline, we are selling to make room for a better opportunity that I will tell you about in the new issue of the newsletter, which I'm currently working on). The dominant industry leaders that we invest in should all be significantly higher by the end of 2000, and I expect that this dip will set us up to make 30%-90% profits in the year ahead. Sincerely, Michael Murphy

To: Dave Gore who wrote (58581)	1/7/2000 2:23:00 AM
From: Jerry S.	Respond to of 108040

(NPNT) NorthPoint, Microsoft expand relationship By John Borland Staff Writer, CNET News.com January 6, 2000, 7:10 p.m. PT NorthPoint and Microsoft have expanded their joint plans to offer high-speed Internet service with RadioShack, marking a significant coup for the small broadband Net company. The duo agreed last November to create a series of "store within a store" outlets promoting digital subscriber line (DSL) service and Microsoft products. At that time, NorthPoint was on tap to provide the broadband service underlying the Microsoft Network (MSN) connections. The two companies have now expanded that relationship tenfold, NorthPoint said today. Once slated for just 100,000 lines, the San Francisco-based company is now under contract to provide up to 1 million broadband lines over the next four years, a spokeswoman said.