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Technology Stocks : CLRS Company Status/Future -- Ignore unavailable to you. Want to Upgrade?

To: Lutz Moeller who wrote (114)	3/31/2000 12:06:00 AM
From: Original Mad Dog	Read Replies (1) \| Respond to of 128

wht say you to today's 15% drop? Company specific? CLRS is my Portfolios DOG. CLRS has gone from my portfolio's show horse to dog in about three weeks. But I think its canine days will be few. When a selloff is this severe, it can be either technical or it can be because inside info has been released and those in the know are dumping. I consider the latter very unlikely here because: (1) the secondary road show and offering just finished, and things could not have turned bad this fast; (2) the expectations for Q1 are low anyway; (3) CLRS received another buy rating today and $140 price target, this time from Wasserstein Perella -- I don't think management would dare, at this stage, lure an analyst on board if they were about to report lousy numbers; the sharks would tear at the carcass ferociously by this time next month if they tried that, and then what would management have gained? So that leaves today explained by technical factors and the sector-wide and tech-wide selloff. It was a little disconcerting not to see CLRS participate in the last half-hour rebound, but CLRS often moves on its own without paying any heed to what the pack is doing. We have here a $1B company with more than $200M cash (mostly from the offering), the potential for a MSFT investment and promotion down the road (what better time to invest than after a selloff?), and an interesting niche in a promising growth market filled with opportunity. We have increasing analyst coverage, all of it at least moderately favorable and all of it after recent due diligence, one would hope. Sure there's a downside, or we wouldn't be seeing this much selling. But this may be a golden opportunity to nibble, or take a flyer on some OTM calls with expirations late in the year. Come the 4th quarter, this could just as easily be at 250 as at 50. JMHO, MAD DOG

To: Lutz Moeller who wrote (114)	3/31/2000 12:44:00 AM
From: red_dog	Read Replies (1) \| Respond to of 128

You know what they say, every good home needs a dog. <gg> I think this dog will bark very loudly, in the very near future. Looks like a good buying oppurtunity to me, when it stops falling, and turns back to up side. Remember a lot of big guys have targets of 200 to 250. Rg

To: Lutz Moeller who wrote (114)	3/31/2000 10:40:00 AM
From: Lane Hall-Witt	Read Replies (3) \| Respond to of 128

Lutz, Well, I'm not sure what to say about it. I still like the company: the Clarus Direct model makes great sense to me, the product seems to be seeing strong acceptance in the market, the partnerships (MSFT, CSCO, etc.) are exciting. That said, I sold some of my position yesterday morning on the brief strength. I still have a core position, but it didn't make sense to me to continue holding everything in the face of such an onslaught. Irrational exuberance took this stock to 144, and irrational fear is taking it down. I'll be adding again when the sentiment on this stock and sector improves. I think CLRS is being hit with the sector, but there's also a company-specific angle: the lack of news. CLRS flew into the secondary because the company was putting out lots of great news. Then they went into hibernation for six weeks. It was just inevitable that the air would be let out of the stock, given such a long news vacuum. These stocks run on news and die on silence. The short-term performance has been painful -- obviously! -- but I'm still quite bullish on CLRS longer term. Unlike ARBA, CMRC, etc., CLRS never intended to make its money by charging transaction fees or owning vertical marketplaces. So, in a rational world, investors would distinguish CLRS from the other B2Bs and see that CLRS is not going to be hurt as much as the others by the fact that industry giants are establishing their own marketplaces. But, of course, we all know there's very little rationality in this market, so here we are--.