SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AremisSoft Corporation (AREM) -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (574)7/19/2001 2:47:10 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 683
 
Or perhaps a FRAUD exposed?!?: "sad to see what was an interesting small cap become a cult war." "AremisSoft Down -2: Lehman Advises Profit Taking >AREM
2001-07-19 11:47 (New York)


By Hollister H. Hovey
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--It's time to take profits on AremisSoft Corp.'s (AREM)
stock, Lehman Brothers Inc. said, as the shares have climbed almost 90% since
April and future earnings announcements will likely drive the shares down soon.

Investors apparently took analyst Neil Herman's advice, sending shares of the
software maker down as much as 14% Thursday.
Herman cut his rating on the stock to market perform from strong buy
Thursday, while reducing his 52-week price target 51% to $18. He does expect
AremisSoft to report "roughly in line" results for its June quarter, however.
"Almost every software company that reported has lowered guidance citing a
weak economy," analyst Herman wrote in a research note. "We still believe in
the long-term fundamentals, but the recent run-up, combined with a weakening
European environment, to which the company is highly exposed, leads us to
believe that this is an opportune time to take some profits."
Herman worries that weakness in the U.S. economy is spreading to Europe and
that the software sector will pay the price in the September quarter.
"This is clearly a big issue for the software sector as a whole, but do not
forget that AremiSoft generates the overwhelming bulk of its revenue from
Europe," he said. "Consequently, we are concerned that a likely continually
weakening Europe could create risk estimates for AremisSoft looking forward."
AremisSoft is based in the U.K.
Separately, Granahan Investment Management, Waltham, Mass., dumped its entire
688,200 share holding in AremisSoft during the last quarter, according to a
spokeswoman from the firm. Brian Granahan, who managed the AremisSoft account,
wasn't immediately available for comment.
An AremisSoft spokeswoman declined to comment due to the company's earnings
quiet period. The company hasn't set a date to release its second-quarter
results, she said.
Shares of AremiSoft were recently down $1.52, or 9.2%, to $15.03 on Nasdaq
volume of 1.1 million, compared with average daily volume of 2.2 million.
Earlier Thursday, the stock traded as low as $14.20.
-Hollister H. Hovey, Dow Jones Newswires; 201-938-2007;



To: Dale Baker who wrote (574)7/30/2001 11:06:40 PM
From: Sir Auric Goldfinger  Respond to of 683
 
Stale Faker, are you prepared for Milberg Wiess to give you a proctological exam for Wreckomending Ah Rheem ya Soft? Uh oh, looks like the piggy bank will be drained. Whatafrickenpiker.com



To: Dale Baker who wrote (574)7/31/2001 5:54:53 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 683
 
BWA HAHAHAHHAHA: "14:55 *AREMISSOFT AUDITOR CAN'T CONFIRM $5.4 MLN IN REVENUE FROM 2000
918176 DJN 14:55 *DJ AremisSoft Sees Yr Rev, Net Well Below Street Views
918172 BN 14:55 *AREMISSOFT CO-CEO KYPRIANOU RETIRES :AREM US
918146 DJN 14:55 *DJ AremisSoft Sees 2Q Rev, Net, Well Below Street Views
918024 BN 14:54 *AREMISSOFT NAMES POYIADJIS CEO :AREM US
917955 BN 14:54 *AREMISSOFT HAS ASKED ATTORNEY TO REVIEW CONTRACTS IN QUESTION
917947 DJN 14:54 *DJ AremisSoft Auditors To Conduct Review Of Bulgaria Pact
917879 DJN 14:53 *DJ AremisSoft Cooperating With SEC Investigation
917835 DJN 14:53 *DJ AremisSoft Prior Ficl Chief Tymvios Resigns, Cites
917833 BN 14:53 *AREMISSOFT RETAINS INDEPENDENT AUDITORS FOR PAYMENT REVIEW
917790 DJN 14:53 *DJ AremisSoft Names David Latzke Fincl Chief >AREM
917756 DJN 14:53 *DJ AremisSoft Names Paul Bloom Pres, Oper Chief >AREM
917734 BN 14:53 *AREMISSOFT CFO MICHAEL TYMVIOS RESIGNS ON HEALTH CONCERNS
917701 DJN 14:52 *DJ AremisSoft's Kyprianou To Be Founding Chmn >AREM
1) BN 14:52 *AREMISSOFT SEES 2Q EPS, REVENUE `SUBSTANTIALLY' SHORT OF ESTS.
2) BN 14:52 *AREMISSOFT SAYS 2Q RESULTS TO BE DELAYED FURTHER :AREM US
3) DJN 14:52 *DJ AremisSoft's Kyprianou Retires As Chmn, Co-CEO >AREM
4) BN 14:52 *AREMISSOFT NAMES DAVID LATZKE FINANCIAL CHIEF :AREM US