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Technology Stocks : Sagent Technology, Inc. (SGNT) -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (148)	4/20/2000 10:58:00 AM
From: Carl R.	Read Replies (2) \| Respond to of 220

If SGNT prior to the conference had warned that sales and earning would be below expectations because of a failure to close some big deals prior to the end of the quarter, and then at the conference had apprised the DLJ analyst that sales looked good going forward, and that they had some big deals already closed for Q2 we would be looking at a much different situation today. The stock was at 32 at the end of the quarter, and it would have fallen to about 15 on the warning. It would have then bounced back into the 20s on the reiteration of the "buy" by DLJ (which would have happened), and then with the Nasdaq carnage it would probably be trading in the mid-teens today. Unfortunately they didn't handle it that way. Surprisingly there have been no resignations from SGNT. Serious damage has been done to SGNT's reputation and that kind of damage will not be easy to repair. Time will do it, but it normally takes 6 months to a year. The only real choices for a short term recovery would be to sell the company or change the management. I don't see either happening, though, so I think the stock will remain in single digits for a few months, though I do expect a bounce back to 9 or so in the short run. Carl