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

To: gmccon who wrote (646)1/21/2000 4:02:00 PM
From: Edwarda  Read Replies (1) | Respond to of 1138
 
I have never known these guys to lie before and the CFO would have been insane to confirm the estimates if he had had any idea that this was in the works. I think that they were caught by surprise by a change in revenue recognition and left to try to explain the auditor's decision.

The analyst who downgraded VRTS yesterday at Hoak Breedlove yesterday did so on the basis of its business model, which is also moving toward larger contracts with Internet-type businesses. He theorizes that once one auditor forces a more conservative accounting method, others will follow.



To: gmccon who wrote (646)1/21/2000 7:07:00 PM
From: Shane Venem  Respond to of 1138
 
"OT: Who downgraded VRTS today? They just blew past their 52 week high a
little bit ago. These anal-ist are special."

I don't know, maybe some idiot who thinks 380 x trailing, and 260 x forward earnings is a little excessive. Maybe some loser who just saw LGTO get cut in half and knows what a long drop it can be. Greg, are you buying all you can handle at these prices? Didn't think so.


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