To: Kevin Winters who wrote (252 ) 4/25/2000 5:55:00 PM From: Nirmal Respond to
Kevin, I am a long and am in the same situation as you. So, I thought I will respond, as I rarely checked into this message board before today. I bought this stock, after meeting some people who work there and hearing the story. This was soon after they went IPO. I got in at $70 or so. Held it through the ride up and down, as I exactly know what their product is and know that it is used in top sites (like Yahoo and Cisco). I also know how confused people compare their product to VIGN. Anyways, it has been wild ride, especially because the stock recently went below my buying price. But I held on, as there was no bad news - in fact, the recent quarter has been 34% above expectations. I was tensed, and wanted to check this message board (which is where I start off my research, along with Yahoo site). I am surprised to see that there are only 3 or 4 regular posters here - From the frequency of their posts, I guess they are day traders. This stock doesn't have much analyst coverage, as their product is not an easy sell - for analysts who don't have the insider view of technology. Also, I see that the only big brokerage covering them is Robertson Stephens. This company could used some good Investor Relations person, to boost up the coverage by other firms. In the absence of bad news, I think the recent run down could have been because of the post IPO sell off by insiders. This would level off and the stock should be a long term performer. I have done my research today and decided to hold. I would think of selling only if they stop "surprising the earnings estimates" that are projected in Yahoo Stock-research webpage.....or if this stock hits $200 again :-) Good luck and let me know if you hear any negative news. ALso, I would like to hear if you know of any competitors to this company - as far as I know - none exist. By the way, one tidbit to keep "content management" in perspective - the number of webpages are doubling on net, every 3 to 6 months. Complex websites need software like IWOV to manage them, IMHO.
