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Technology Stocks : PUMA Technology -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (746)	2/22/2000 4:16:00 PM
From: SJS	Respond to of 851

Big endorsement from Briefing.com today: ___________ Trader's Edge: Puma Technology (PUMA) 22-Feb-00 00:03 ET [BRIEFING.COM - Robert Walberg] After posting the largest percentage gain in 1999, PUMA has spent the first seven weeks of the new year in a holding pattern. Will adverse market conditions ground this one-time high-flyer, or will the stock take flight once again? Briefing.com contends that not only will PUMA resume its ascent, but it will do so in short order. Here's why: Trading Points The stock has exhibited improved relative strength and money flow characteristics over the past week or so. PUMA set to report earnings on Thursday. At present street expecting company to post a loss of $0.06 v. year-ago loss of $0.15. We think there is a strong possibility that company will provide a significant positive earnings surprise. Such a surprise is likely to act as the catalyst to drive the stock out of its current trading range. Based on the stock's incredile rally during 1999 and its current price tag, PUMA also a candidate to announce a stock split. Acquisitions of NetMind and ProxiNet give PUMA the broad range of Web-based personalization services and technology needed to become a top-tier infrastructure provider for mobile, wireless, and Internet appliance-based e-business. A market which offers explosive growth opportunities over the next 5 years. At 79x trailing 12-mo sales, stock isn't a bargain by Graham & Dodd standards, but we doubt many of the poeple trading this stock have ever read G&D so it's almost irrelevant. What is relevant in today's momentum marketplace is that the stock trades at a significant discount to other companies in the wireless Internet arena such as Phone.com (PHCM) and Liberate Tech (LBRT) - even though companies have similar revenue projections for the current fiscal year. PUMA also has a limited following (only 3 analysts), so there is plenty of room for increased coverage - and most of it will be bullish. Finally, stock's float of 11.3 mln shares will also appeal to daytrader types. Barring a negative earnings shock, Briefing.com expects PUMA to stage a near-term test of its 52-wk high of 142 1/2, with penetration setting up a run at the 165-170 area.