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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (28240)	6/22/2000 10:36:00 AM
From: JLS	Respond to of 57584

Never had RIMM, saw it the other day in the low 40s and didn't pick it up for some reason. MANU earnings yesterday Software Maker Manugistics' 1st-Quarter Fiscal Loss Met Estimates (Dow Jones Online News, 06/21/2000 21:24) NEW YORK -(Dow Jones)- Manugistics Group Inc. posted a fiscal first-quarter loss that met analysts' estimates as a result of strong growth in its software-license revenue. Rockville, Md.-based Manugistics (MANU), a provider of business software, said its net loss for the fiscal first quarter ended May 31 came to $1.2 million, or four cents a diluted share, compared with net income of $389,000, or one cent a share, in the year-earlier period. Revenue increased 29% to $50.5 million from $39.2 million a year earlier. The mean estimate of analysts surveyed by First Call/Thomson Financial was for a loss of four cents a share. Manugistics said license fees grew 98% to $26 million during the latest first quarter from $13.1 million a year ago. (Compiled from Dow Jones Newswires and other sources) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved

To: Rande Is who wrote (28240)	6/22/2000 10:36:00 AM
From: Simon Thornington	Read Replies (1) \| Respond to of 57584

Hi Rande and friends, I feel qualified to comment on a few of these items you've mentioned. First off, several are favourites of the #daytraders IRC channel, and hence get 1000+ sheep on board every move, short and long side. These include RHAT VISX EMLX. VISX has been a long-side favourite, although beaten down. As I recall, they are a laser eye-surgery correction firm, but one who's technology is getting outdated. They took a hit on some patent issues, and on price cuts to their treatments to regain market share. They are up recently on some favourable patent news, although I see many shorts moving in. RHAT is of course the Linux distribution firm. They're down because of the general uneasiness about Linux-related firms ever making money (a camp to which I belong, despite my love of alternate operating systems), up recently on their announcement of "profitability by 2001" and the MSFT news. This is my interpretation of their movement, although I do feel something else is going on. EMLX I know less about, save that some people on other boards and channels are very long this stock at these levels, and the daytraders play both sides a lot. (Same with VNTR ISLD). Hope this helps, Simon.