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Technology Stocks : MAGIC SOFTWARE-MGIC -- Ignore unavailable to you. Want to Upgrade?

To: surindra who wrote (166)	2/3/2000 8:03:00 AM
From: Richard Tsang	Read Replies (6) \| Respond to of 219

MGIC - nice profit growth pre-announced. No wonder price has great support at 80's despite the new share offer. biz.yahoo.com Thursday February 3, 7:33 am Eastern Time Magic Software sees Q4 profit well above last year NEW YORK, Feb 3 (Reuters) - Israel's Magic Software Enterprise Ltd. (NasdaqNM:MGIC - news), maker of electronic commerce and business software, said Thursday it expects fourth-quarter net income to exceed $3.8 million, well ahead of last year's $1.2 million. The company said earnings per share should be about 42 cents in the fourth quarter and $1.29 for the year. Magic Software earned a profit of 18 cents a share in last year's fourth quarter, but lost $1.13 a share in the 1998 full year. The software company said fourth-quarter revenues would surpass $18.6 million, resulting in 1999 revenues of about $63.9 million. Net income for the 1999 year is expected to be $10.9 million. It will release fourth-quarter and year-end results at the end of March. The company also said its stockholders have approved a three-for-one stock split. Shareholders of record on Feb. 4 will receive two additional shares for each share held on or about Feb. 11. Shares of Magic closed at 81-1/2 on Nasdaq on Wednesday.

To: surindra who wrote (166)	2/25/2000 9:55:00 AM
From: Dorine Essey	Respond to of 219

DJ Magic Software Pricing -2: Merrill, Salomon Led Offer -------------------------------------------------------------------------------- 25 Feb 9:25 NEW YORK (Dow Jones)--An offering of 4 million common shares of Magic Software Enterprises Ltd. (MGIC) priced at $25 each through underwriters led by Merrill Lynch & Co. and Salomon Smith Barney. Gross spread is $1.4375, selling concession is 86.25 cents and reallowance is 10 cents. Delivery is scheduled for March 1. The company plans to use proceeds from the offering for general corporate purposes. (END) DOW JONES NEWS 02-25-00 09:25 AM

To: surindra who wrote (166)	3/23/2000 9:07:00 AM
From: Dorine Essey	Respond to of 219

Magic Software Receives Highest Ranking From IBM For Its E-Business Products March 23, 2000 09:00 AM IRVINE, Calif.--(BUSINESS WIRE)--March 23, 2000--Magic Software Enterprises MGIC , a leading provider of e-business and other enterprise-level business solutions for the AS/400 platform, Thursday announced that it has received IBM's highest level of certification for its e-business applications. The level four ranking is bestowed only on those companies whose e-business products fit the following parameters: -- They can be deployed on multiple IBM servers; -- They use IBM's e-business framework technology (e.g., MQ Series, DB2); -- They integrate with Domino and WebSphere; and -- They meet all of the other common industry e-business standards (e.g., http, html, Java). The rankings are used internally by IBM to distinguish those vendors whose products are best suited for IBM's AS/400 platform and deserve special consideration for joint marketing with IBM. "We rank the companies that we work with in terms of their adherence to the e-business framework," said John Quarantello, IBM's worldwide Java and WebSphere segment manager. "One is the lowest ranking and four is the highest ranking. Magic has achieved a four-level of certification." According to Doug Fulmer, worldwide segment manager for IBM's AS/400 Application Development Tools & Middleware group, Magic's core development technology also achieves the highest marks within IBM. "In my opinion, the technology developed by Magic in close cooperation with IBM's Rochester Labs achieves the highest levels of product quality for the AS/400, " said Fulmer. "IBM is committed to working with Magic on an ongoing basis to help market Magic's AS/400 related products." In addition to its application development technology, Magic offers several e-business solutions for the AS/400. In March of last year at the Internet Commerce Expo in Boston, Magic introduced its Magic eMerchant(TM) business-to-business e-business solution, which runs on the AS/400 platform and integrates easily and seamlessly with companies' existing back-end systems. Magic also recently announced that it will be introducing a new Web-based customer relationship management (CRM) suite of products that promises to provide "real-time business pulsing" for AS/400 customers. Consisting of four separate applications that can be integrated, either independently or as a part of a total solution, the Magic CRM suite is designed to improve an enterprise's ability to receive and react to dynamic updates regarding all aspects of customer-related activities, to enhance customer satisfaction, and to enable higher levels of corporate profitability. A detailed white paper describing the Magic CRM suite is available for download at www.magic-sw.com/crm. "We are very pleased with the high ratings we have achieved from IBM for our e-business products," said Jack Dunietz, chief executive officer of Magic. "We will continue to work closely with IBM to ensure that all of our products, including our new Web-based CRM suite, achieve the highest rankings for functionality, quality and customer satisfaction." About Magic Software