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To: Edwarda who wrote (3311)	4/6/2000 3:21:00 PM
From: William B. Kohn	Read Replies (1) \| Respond to of 3646

That's a tough call. If you consider that the majority of their revenue still comes from MCAD and since market share is declining, they have two big problems to halt the revenue slide. The lost sales in past quarters mean decrease continuing software maint. revenues going forward. They also must somehow stem the decline in new seat revenue. This is difficult when you telegraphed to the world that you view MCAD market as saturated and you aren't investing as much to keep product up with the advances from competitors. Also the code base is much older and therefore more and more costly to upgrade.

To: Edwarda who wrote (3311)	4/6/2000 3:23:00 PM
From: JustMy2Cents	Respond to of 3646

Excerpt from ML... "We have lowered our estimates for the balance of FY00 and for FY01. Subject to further revision, and with little input from the company at this point, we have revised FY00E to revenues and earnings of $998 million and $0.18 a share, including amortization, from a prior $1.14 billion and $0.49 a share. We have revised FY01E to $1.275 billion, up 27%, and $0.55 a share, from a prior $1.447 billion and $0.90 a share."