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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (2882)	2/14/2002 10:57:05 AM
From: Dave Gore	Respond to of 16631

Stock Watch: BORL really a good R/R but when will it move? Stock appears to be mini-basing after unfounded fear on Monday. EPS growth consensus is 40% per SI Borland says no explanation for Monday's stock drop NEW YORK, Feb 12 (Reuters) - Business software maker Borland Software Inc. (NasdaqNM:BORL - news) on Tuesday said it would meet first-quarter forecasts, adding it had no explanation for the steep price drop of its stock on Monday. ADVERTISEMENT The Scotts Valley, California-based company said it expected earnings in the range of 7 cents to 9 cents a share, in line with the 8 cent per share average of analysts' forecast, according to Thomson Financial/First Call. It also said it expected quarterly revenues to grow 14 percent to 17 percent and revenue for the year to increase between 12 percent and 18 percent. The statement came just a day after shares of Borland plunged 17 percent, or $2.85, to close at $13.80 on Monday. ``While we recognize that recent high-profile corporate debacles have heightened the sensitivity within the investment community, we have no reason to account for yesterday's unusual trading activity in Borland stock,'' Chief Financial Officer Frederick Ball said in a statement. Ball also said the company was committed to having financial statements ``that are as transparent as possible.''