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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (14047)	4/21/2000 4:32:00 PM
From: 4finger	Read Replies (2) \| Respond to of 14631

I also listened to the conf call and I agree with your final point that mgmt stumbled in managing the street. Of the many conf calls I attend I would have to say that IFMX mgmt's raport with the anaylst was among the most awkward I have heard. They stumbled particularly badly when asked for direction in modeling rev growth going forward. The CFO started answering and then was interupted and by the CEO and they basicaly declined to answer the question. The subsequent stock price reaction was in my opinion reflective of that moment in the call. It was shockingly naive of management to think this question would not be asked and to not have a polished practiced reply was just poor preparation. Despite their poor showing in this important aspect of managing perception I must say I agree 100% with the opinion of H&Q in their update. Even without management's help in modeling the year, I think you cant help but walk away with 25% plus rev growth estimates. I worke my numbers down from consensus and I would expect to see the forward number fall around $0.10 for the year. If you pay 1x PEG for the web and BI segments and a discount the legacy business I think the $22-24 target is about right. If they execute for the balance of the year and we get better manners on the subsequent conf calls, I think we would see those targets get significantly higher, but their is no question they just took some steam out of the near term with that call. PS Don't get my wrong I am not a bear on the story. I bought all day on thursday so I'm long as hell.

To: Logain Ablar who wrote (14047)	4/28/2000 12:19:00 AM
From: Roger Folsom	Read Replies (3) \| Respond to of 14631

Tim: I much appreciate your posting your notes from the Informix first quarter results conference call. But a couple of points used some abbreviations with which I am not familiar. You wrote: > Bad points. DSO?s @ 89 (This was one of the dropped shoes). Expect it to go down to 78 next qtr and continue to decrease (not sure what it was @ year end). F/X loss from strengthening $$. $4.1 vs. last qtr and 8.6M. vs. last year 1st qtr. < DSO?s ?? F/X loss ?? And I gather that by "dropped shoes" you meant that the conference call didn't address the DSO issue, either at all or not adequately? Thanks for any help (from you or anyone else)! Roger