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Technology Stocks : i2 Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (1824)	1/9/2001 1:42:44 PM
From: bob zagorin	Read Replies (1) \| Respond to of 2339

RESEARCH ALERT-Salomon upgrades i2 Tech NEW YORK, Jan 9 (Reuters) - Salomon Smith Barney said on Tuesday it upgraded supply-chain management software maker i2 Technologies Inc. to buy from outperform based on strong fundamentals and valuation. The stock was up $1-11/16 to $43-5/8 in busy early trade. The firm expected i2 to exceed its fourth-quarter revenue estimate of $351 million by at least 5.5 percent, translating to about 2 cents to 3 cents per share upside to its 7 cents per share estimate. On Monday i2 said its fourth-quarter revenues were seen in excess of $370 million, beating the Wall Street estimate of $342 million. Salomon said information technology spending in 2001 would be cut back, but not across the board, with software spending actually increasing. "i2 is one of the few companies we believe is well-positioned for 2001 given the gloomy projections for IT spending," said Salomon analyst Gretchen Teagarden in a research note.

To: Trader Dave who wrote (1824)	1/9/2001 7:50:05 PM
From: Wizard	Read Replies (1) \| Respond to of 2339

I have heard from multiple companies that they have sold significant amounts of product to customers that have already preannounced Q400 negatively and in some cases, even announced reorganizations. A recession has hit many industries already. The entire economy might go into a recession and it might not. However, the economy will grow again someday and everyone will pile back into the leaders, (including me). Investors don't care about Q4 unless you miss your quarter, then you go down in 1/2. Otherwise, you open up and end flat... Recession... no recession... wrong verticals.... good verticals... deceleration... it spending in general... DRAM prices... the price of tea in China... risk to guidance... consolidation risk... Prudential lowers numbers... Epoch Partners downgrades everything... Joe Blow at XYZ maintains his estimate but is moving a penny from Q1 and adding it to Q2... enough... Your boy Berquist liked the quarter. I think ITWO is a franchise that continues to execute but I am not a buyer, I am a holder. Janus owns the shit out of ITWO and they are getting redemptions - might be some selling there. My high beta stocks like ITWO haven't been much fun lately but the growth is still there and someday, it will again be a case of glass half full and not empty. Until the overall economy improves and things get easy again for leading IT companies, I just hope ITWO can continue to grow north of 60-70% annually. The consensus from AZ is that your boy Tom Siebel did his best to outdo Larry Ellison in terms of egomaniac during Chuck's fireside chat last night.