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.

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

To: Richard Tsang who wrote (167)	2/3/2000 11:39:00 AM
From: Dorine Essey	Respond to of 219

DJ Hot Stocks To Watch: MGIC WCII LNUX ANDN -------------------------------------------------------------------------------- 3 Feb 9:04 Magic Software Expects 4Q net of $3.8M, or 42c/shr, Wed. close 81 1/2 on rev of $18.6M, up from last year's Up 1 1/2, 1.9% net of $1.2M, or 18c/shr, on rev of 95,800 Shares $12.4M (full story under MGIC). (MGIC)

To: Richard Tsang who wrote (167)	2/11/2000 1:31:00 PM
From: Dorine Essey	Respond to of 219

advisor fyi alerts Advisor FYI Index How Do I... Magic Software Enterprises Ltd. Last: 80 1/8 Change: +1 3/8 Volume: 141,300 Quote delayed 20 minutes Top alerts 11/30/99 MGIC stock will split 3 for 1 on 2/14/2000. Quote Detail \| Chart \| Description Analyst alerts

To: Richard Tsang who wrote (167)	2/25/2000 9:51:00 AM
From: Dorine Essey	Respond to of 219

MAGIC SOFTWARE ENTERPRISES LTD. ANNOUNCES PRICING OF PUBLIC OFFERING BUSINESS EDITORS OR YEHUDA, ISRAEL--(BUSINESS WIRE)--FEB. 25, 2000--MAGIC SOFTWARE ENTERPRISES, LTD. (NASDAQ: MGIC) FRIDAY -------------------------------------------------------------------------------- OR YEHUDA, ISRAEL--(BUSINESS WIRE)--Feb. 25, 2000--Magic Software Enterprises, Ltd. (Nasdaq: MGIC.O) Friday announced that the public offering of 4,000,000 of its Ordinary Shares was priced at $25.00 per share. Of the shares being offered, 3,500,000 shares are being offered by Magic and 500,000 shares are being offered by Formula Group (Nasdaq: FORTY.O), the selling shareholder. The selling shareholder has granted the underwriters an option to purchase up to 600,000 additional ordinary shares at the public offering price to cover over-allotments. The total net proceeds to Magic from the offering, after deducting the underwriting discount and estimated expenses, is expected to be $80.6 million. Magic will not receive any of the proceeds from the sale of ordinary shares by the selling shareholder. The underwriters for the offering are Salomon Smith Barney Inc., Merrill Lynch & Co., CIBC World Markets Corp. and Warburg Dillon Read LLC. The offering is made only by means of the final prospectus relating to these securities, copies of which may be obtained from Salomon Smith Barney Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Tel: 718/765-6732; Merrill Lynch & Co., World Financial Center, North Tower, 250 Vesey Street, New York, NY 10281-1305, Tel: 212/449-4600; CIBC World Markets Corp., 425 Lexington Avenue, New York, NY 10017, Tel: 212/856-4000; or Warburg Dillon Read LLC, 299 Park Avenue, New York, NY 10171, Tel: 212/821-4000.

To: Richard Tsang who wrote (167)	3/1/2000 12:11:00 PM
From: Dorine Essey	Respond to of 219

RESEARCH ALERT-Salomon starts Magic at 1-H March 1, 2000 10:14 AM JERUSALEM, March 1 (Reuters) - Salomon Smith Barney initiated coverage on Magic Software Enterprises MGIC with a 1-H rating and a $40 price target, according to a report released on Wednesday. Magic "is expected to continue to maintain close to 50 percent revenue growth for the next three years, driven by sales of CRM (Customer Relationship Management) and e-business applications," analysts Victor Halpert and Neil Herman wrote in the research note. "In the last 18 months, Magic dramatically improved its operational results, growing its revenues by 65 percent in 1999," Salomon said. Salomon estimated Magic's earnings per share will grow to 60 cents in 2000 and 79 cents in 2001, compared with 43 cents in 1999. Salomon noted the company in the first quarter of 2000 was one of the first to introduce software development tools for the Linux platform. Magic also recently completed a successful secondary offering on Nasdaq. ((Jerusalem newsroom, +972-2-537-0502, jerusalem.newsroom@reuters.com)) REUTERS

To: Richard Tsang who wrote (167)	3/2/2000 6:51:00 PM
From: Dorine Essey	Respond to of 219

MAGIC SOFTWARE ENTERPRISES REPORTS RECORD FOURTH QUARTER 1999 RESULTS; RESULTS ATTRIBUTED TO SUCCESSFUL IMPLEMENTATION OF THE COMPANY'S ACQUISITION AND APPLICATIONS STRATEGIES BUSINESS EDITORS OR -------------------------------------------------------------------------------- OR YEHUDA, Israel--(BUSINESS WIRE)--March 2, 2000--Magic Software Enterprises, Ltd. (Nasdaq: MGIC.O) Thursday reported record results for the fourth quarter. The Company attributed these results to the success of its new applications and acquisition strategies, as well as the increased demand for its products and services. Fourth Quarter and 1999 Results For the fourth quarter ended Dec. 31, 1999, Magic reported record revenues of $18.6 million, the highest sales ever recorded by the Company in a single quarter. This figure represents a 50% increase over the $12.4 million reported for the comparable quarter of 1998, and a 14% increase over the $16.4 million posted in the third quarter of 1999. Net earnings for the fourth quarter 1999 were at a record high of $3.8 million ($0.14 income per share) compared with the $1.2 million ($0.06 income per share) posted for the same period one year ago. "The growth in fourth quarter revenues is the result of increasing sales of software licenses and professional services mainly due to our new applications direction," said Jack Dunietz, chief executive officer of Magic. Software sales during the fourth quarter were $10.9 million compared with $6.5 million recorded in the same period of 1998. Consulting and training revenue during the period was up 38% over the same quarter last year. Maintenance and support revenue for the fourth quarter increased more than 19% compared with the same period in 1998. For the year ended Dec. 31, 1999, Magic reported record revenue of $64.0 million, compared with the $38.8 million recorded in the previous year. In addition, the Company reported net income for the year of $10.9 million ($0.43) compared with the $6.5 million net loss ($0.38 loss per share) posted for 1998. Accomplishments Management Changes In the fourth quarter, Magic also announced the appointment of Israel Teiblum as president of the Company. Teiblum takes over the president's role from Dunietz, who was appointed co-chairman of Magic and who remains chief executive officer of the Company. In addition to functioning as president, Teiblum will continue in the role of chief financial officer of Magic. Acquisitions During the quarter, Magic continued its strategy of acquiring key distributors and Magic solution partners with the potential to increase the Company's geographic presence and add to its capabilities as a solutions provider. Chief among those acquisitions was the purchase of Canada's Open Sesame Systems (OSS), which has been merged with Magic's California-based U.S. subsidiary to enable Magic to more effectively deliver its e-commerce and other enterprise-level business solutions to a larger North American audience. Another U.S. acquisition was New Mexico-based Access Data, a leader in providing Web-based law enforcement solutions. During the quarter, Magic also acquired a majority interest in Magic (Onyx) Software Enterprise Hungary Ltd. (Magic Hungary). In addition, the Company acquired the remaining 20% of Magic Software Japan, Magic's exclusive distributor in that country for the previous 10 years. Linux Regarding Magic's involvement with Linux, in October the Company announced a developer partnership agreement with Red Hat Inc. (Nasdaq: RHAT.O) to include release of Magic's Enterprise Server v.8.3 on Red Hat Linux 6.1, Red Hat's latest CD. The Company also announced that it would be introducing its award-winning development environment for the Linux platform early in 2000. Magic's Enterprise Edition v.8 development environment for Linux, which enables developers to build e-commerce and other enterprise-level solutions directly on the platform, debuted last month at the LinuxWorld Expo in New York City to a crowd of approximately 15,000 convention-goers and at an introductory price of $299. AS/400 On the AS/400 front, the Company announced that IBM would be showcasing Magic's development technology and e-business solution, Magic eMerchant, in IBM's support centers in both Germany and Italy. This arrangement extends the already close working relationship enjoyed by both companies as members of the "AS/400 eBusiness Committee for EMEA." EMEA is a working group established to allow its members to combine other members' products with their own when selling to their respective customer bases. ECommerce The quarter also saw the launch of several e-commerce sites built using Magic eMerchant. NoRegrets, an Australian retailer of intimate apparel and accessories launched their virtual store, www.noregrets.com.au, in less than four months and in time to meet Christmas demand. The Magic eMerchant-powered site, which integrates seamlessly with the NoRegrets back-end systems, provides an easy and convenient way for customers to make purchases, while also enabling the Company to grow its business through franchises. Fourth Quarter Deals Finally, demand for Magic's e-commerce and other business solutions and services continued to grow during the quarter. In a deal valued at more than $2 million initially, the Company announced that it would be providing Seabrex, the world's largest fruit shipping agent, a totally integrated e-business-based trading and tracking system to support all of its global operations. About Magic Software