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Technology Stocks : Active Software Inc (ASWX) -- Ignore unavailable to you. Want to Upgrade?

To: daffy who wrote (99)	4/5/2000 7:07:00 PM
From: Wizard	Read Replies (1) \| Respond to of 105

I started buying it but slowly as the severity of the fall is pretty harsh. It might have to do with some potential competition from IBM and Sun. These companies are adding some integration solutions. The point here is that the amount of integration needed to make legacy erp/edi, b2b, b2c, crm, abc & xml all work together is massive. The Gartner Group called it the second biggest challenge behind Y2k and now that y2k thing is out of the way..... you get the picture. The nice part is that this stuff is very difficult and the barriers to entry are high. ASWX is very well-positioned. WEBM and VITR are also big beneficiaries. All have tons of business available so its really not about competition at this point, its about execution. Active launched its B2B server solution with 30 customers recently. B2B stocks have been under pressure lately but given their run-ups, that is to be expected. I am taking my time on building my position though as the slope to the chart is quite freightening.

To: daffy who wrote (99)	4/20/2000 9:47:00 PM
From: Bret Masterson	Read Replies (1) \| Respond to of 105

ASWX positioned to rebound strongly (1) ASWX technology and product architecture is truly best of class vs. others in this space (BEAS, VITR, TIBX, NEON), and I expect them to continue to grow revenues at an impressive pace. (2) ASWX currently valued at a substantial discount to VITR and TIBX which both have P/S ratios of 70 or so, whereas ASWX is only around 20. However, ASWX technology and sales momentum is as strong or stronger than these other two. (3) Look for positive earnings to get the stock up to around 80/share (my current short-term target on this stock. (4) As for why it is down from $142/share, that has much more to do with extreme speculative excess in the market in general than with this stock in particular. Personally, I had liked ASWX for several months, but could never persuade myself to buy it at that high of a price. When it dropped down to the $30s, I finally bought. Its a great company with loads of potential, but I'll probably sell half my holdings if it hits 100/share in the near term.