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Technology Stocks : Allaire -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (212)	9/15/2000 1:36:44 PM
From: greggcap	Read Replies (1) \| Respond to of 612

Cheer up Baldy, the cavalry is coming. Read this.... ALLR off on Revenue concern... Friday, September 15, 2000 ALLR off on revenue concerns --1:15 pm - By Michael Baron Allaire Corp. (ALLR: news, msgs) is sinking $3.69, or 17.8 percent, to $17.06, on revenue concerns, according to FAC Equities analyst Damian Rinaldi. "They have indicated to analysts that the third quarter is tracking along with their internal plans, which is ahead of my $36 million estimate, but the period appears to be more back-loaded than usual," Rinaldi told CBS MarketWatch. "Skittish investors seem to be selling in light of the absence of news." He added that institutions, who may have been hoping for blowout results, may be thrown by the company's caution. "Our checks indicate demand from the Allaire's core clients remains strong," he said. "But my sense is that institutions looking for an upside surprise may not get it." Rinaldi, who rates the stock a "strong buy" with a $76 price target, sees the weakness as a buying opportunity for the aggressive investor. "This is a solid company with strong products, good distribution and a defensible market share," said Rinaldi. "On a risk/reward basis, the stock looks very attractive at these levels." Allaire's volume is already at 4.6 million shares, well above its daily average of 810,200. A First Call survey of 8 analysts put the company's third-quarter profit at 7 cents a share. Representatives of the Newton, Mass., provider of Web site development software weren't immediately available for comment. gregg