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To: Bill Harmond who wrote (114653)	1/6/2001 4:51:38 PM
From: GST	Respond to of 164684

I try not to call people names or make unfounded statements. Perhaps you could learn to do the same.

To: Bill Harmond who wrote (114653)	1/6/2001 7:46:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Bill, what's the difference between hopeless or clueless? Btw Added to autonomy last week. But, at my cost I'm not averaging down. >LONDON, Jan 5 (Reuters) - Shares in Autonomy Corporation Plc surged early on Friday after the UK software firm said it had seen strong growth since the third quarter. The company said it had not experienced a slowdown in overall revenue growth in the fourth quarter. >Now the good Two European Internet-related companies got a solid share boost this week, and it wasn't on takeover speculation or anything macro like the Fed's surprise rate slash. No, in both Autonomy and Scoot.com's case, it was thanks to the companies' solid fundamentals. Shares of Cambridge, England-based knowledge management software maker Autonomy (AUTN: news, msgs) jumped 13.5 percent Friday after the company rejected speculation its growth rates were slowing. Founder and chief executive Mike Lynch told FTMarketWatch.com his company was a victim of ignorance and "guilt by association" and would deliver on promises of profitability. "Growth is very strong, and Autonomy is still profitable," CEO Mike Lynch said after the company took the unusual step of issuing a trading statement well ahead of financial results due at the end of February or early March. "We haven't seen a fall in growth. We are still growing very strongly. In the previous quarter (Q3) it was 20 to 25 percent and those are the numbers we are still seeing. There's no slowing in overall growth," Lynch said. The self-made Internet billionaire said he wanted to counter the impact of analysis and speculation Autonomy could be hit by slowing Internet investment reported by companies such as Inktomi (INKT: news, msgs) >LONDON, Jan 5 (Reuters) - Autonomy Corporation Plc sought on Friday to reassure a market concerned at profit warnings among some technology firms by issuing a trading update emphasising continued strong growth in its business. "There has been a lot of guilt by association, a lot of rumours in the market about Autonomy slowing down, which is completely untrue, so rather exceptionally we have taken the step of putting out a statement to clarify this," Group CEO Mike Lynch told Reuters. "The company is doing fine, has not seen a slowdown in overall revenue growth and is still turning in very strong quarter-on-quarter growth -- we haven't seen the kind of effects that many companies are talking about," he said. Lynch said the company was currently experiencing quarterly growth of around 20 to 25 percent. Shares in the Cambridge-based company, which makes software that can help computers understand human prose, surged in morning trade and were up 12.75 percent or 167p at 1,474p at 0945 GMT, after earlier reaching 1,535p. The stock had fallen some seven percent on Thursday, on the back of a profit warning from U.S. technology firm Inktomi Corp (NASDAQ:INKT), while other tech stocks were boosted by a rise in U.S. Nasdaq index. "This was a case in point. Some analysts were looking at Inktomi, whose business does not overlap with ours at all, making analyses which were basically wrong," Lynch said. .Although Autonomy does not have many comparators in the market, Inktomi is sometimes used for valuation comparatives. BUSINESS IN PIPELINE The company said in its update that demand remained strong for its products among current and potential customers, with original equipment manufacturer (OEM) business continuing to attract significant interest and sales. "They are reconfirming that expectations for the fourth quarter are intact," said another analyst, who declined to be named. The company said it expected to announce new relationships shortly. "In the short term we strongly believe that the stock has been oversold and that if the imminent announcements (OEM and reseller agreements) are of a better quality than we have seen in the recent past, the stock will bounce heavily," said Deutsche Bank analysts in a research note. The shares have been hounded by disgruntled investors in the technology market and have tumbled from around 41 pounds in November. Claire Thomas, European software and IT services analyst at Gartmore, said it was good to see some positive news. "It is good that they put out the statement, it is very encouraging," she said, adding that the stock was extremely cheap for a firm with such high performance. Third quarter profits, reported mid-November, beat analysts forecasts at $9.2 million, from $5.1 million in the second quarter, and just $440,000 in the previous three months, with third quarter revenues of $17.6 million. Autonomy went straight into the FTSE 100 index of blue-chip companies after listing on the London Stock Exchange two months ago. The company floated on the high-tech friendly, Brussels-based Easdaq market when it first went public in 1998, but added Nasdaq and London listings last year to boost its profile.