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Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Flugum who wrote (588)1/20/2000 8:58:00 AM
From: JakeStraw  Read Replies (2) | Respond to of 1138
 
Warburg Dillon Read Lowers LGTO to Hold From Buy, Cuts Eps Estimates



To: Elmer Flugum who wrote (588)1/20/2000 9:07:00 AM
From: Edwarda  Respond to of 1138
 
Although some of the shortfall can be (kindly) attributed to inexperience in accounting for really large deals, the size of the shortfall is unsettling. Even if one adds back the contracts that were signed but not yet into the implementation stage, revenues would have been at the very low end of expectations. Until the estimates settle down, I don't see a reason to throw yourself under a falling knife.


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