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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (102270)	6/14/2000 12:26:00 PM
From: john p. carney	Read Replies (1) \| Respond to of 120523

Jenna, do you still like GSLI at these levels? Thanks, John

To: Jenna who wrote (102270)	6/14/2000 1:25:00 PM
From: Lane Hall-Witt	Read Replies (2) \| Respond to of 120523

Jenna -- PRGS: Earnings on this one came in this morning (not this afternoon). Reported 0.24 EPS, in line with estimates. The bad news is that revenues were down 5 percent year over year (with software licensing revenues down 19 percent), due principally to currency conversion issues and slow ramp-up of post-Y2K sales among a number of companies that incorporate PRGS's software into their own products. Performance today is relatively strong given the revenue problem, but the earnings catalyst is behind the company now. I wish someone would organize a leveraged buyout on this one: it's a cash-generating machine, but is being penalized in the market because its core business is mature and its growth areas (Internet, ASP markets) are still too small to have much of an impact on overall results. They should start paying out a dividend--. Thanks for noting this one. Even with its problems, it's a fantastic company and quite a "value" at these levels (like KEA, PER, etc.). biz.yahoo.com