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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?


To: Adam Smith who wrote (1459)11/27/2000 5:53:01 PM
From: Elsewhere  Read Replies (1) | Respond to of 2477
 
>Downgrade from GKM
>No explaination. Maybe on the gerard klauer website.
>will try to find out more

Pulse: Holdout B2B Stocks Fumble After Sector Downgrade Wednesday
By John Raess, Staff Reporter
11/22/00 7:11 PM ET
thestreet.com

Enterprise software stocks are not Internet pure-plays; the market just treated them that way today, hammering a number of them into the ground.

Until now, the companies that make software that helps businesses coordinate services, bill customers, integrate applications and manage e-commerce platforms have been somewhat insulated from the damage done to many of the stocks in the Internet sector.

"The values of this group have held up better than most other groups. They weren't dot-coms, and they didn't sell to dot-coms," said analyst Tim Klassel, infrastructure software analyst with Thomas Weisel Partners.

That's over with.

A number of them plunged with other tech stocks Wednesday. Gerard Klauer Mattison analyst Gibbs Moody downgraded the sector this morning, citing the uncertain political climate and worries over growth in other technology sectors. Moody's downgrade brought BEA Systems (BEAS:Nasdaq), eXcelon (EXLN:Nasdaq), New Era of Networks (NEON:Nasdaq), webMethods (WEBM:Nasdaq) and Vitria Technology (VITR:Nasdaq) to neutral. ...