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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (54052)	4/21/2002 8:50:15 PM
From: martin001	Respond to of 99280

THat sounds like a good possibility. I have a move to close the bottom of the 4/16 gap (or the 4/15 close) This could be done on the NDX with a move to 1360 for a decline of 25 points and still leave your COMPX target of 1770 intact (with a similar decline of 26 points) In regards to QLGC - my momemtum based indicators are pointing to a move down as well. Comparable with the indices. So it all looks nice and ripe for a bounce soon. Course I hate that - I'd rather being scared than cocky when I open my long positions <g>

To: Zeev Hed who wrote (54052)	4/22/2002 9:47:48 AM
From: Mike M	Read Replies (1) \| Respond to of 99280

Zeev did you see FSTW results? Hope you got some...opened at 9... siliconinvestor.com Firstwave Reports Continued Improved Financial Results For First Quarter 2002 Company Shows 152% Increase in Revenues and an Eps of $.46 ATLANTA, Apr 22, 2002 (BUSINESS WIRE) -- Firstwave Technologies, Inc. (NASDAQ: FSTW chart, msgs), a web-based, eCRM solutions provider, today announced financial results for the First Quarter of 2002. The Company reported a net income of $966,000, or $0.46 per basic share, total revenues of $4.1 million, and a $410,000 increase in cash during the quarter. Total revenues for the First Quarter of 2002 of $4,056,000 were a 152% increase over First Quarter 2001 revenues of $1,613,000. Software license revenues increased 452% to $728,000 from $132,000 in the First Quarter of 2001. Services Revenues increased 283% to $2,875,000 in the First Quarter of 2002 from $750,000 in the comparable quarter of 2001. Net income of $966,000, or $.46 per basic share, in the First Quarter of 2002 is compared to a net loss of $1.2 million, or a loss of $.55 per basic share, in the First Quarter of 2001. The Company reported an increase of $410,000 in its cash position, with a total cash balance of $2.3 million as of March 31, 2002. Firstwave continues to partner with a leading global services company which contributed a significant portion of the revenues and receivables during the quarter. In addition, Firstwave has received additional payments of $1.9 million since the end of the quarter from this partner. "We are very pleased with our performance for the quarter and our current financial position," commented Richard Brock, CEO of Firstwave. "The pipeline for new sales is increasing, and our marketing and sales team is ready to answer the demands for CRM products," said Mr. Brock. Please refer to Mr. Brock's further comments on the business in his CEO Letter released today. "The continued improvement in our financial results is exciting," commented Judi Vitale, CFO of Firstwave. "We have a good team of experienced and dedicated people working hard to meet the demands of our customers and prospects." Firstwave will hold its First Quarter Earnings Call on April 22, 2002, at 11:00 a.m. EDT. To participate in the call, dial 888/770-8869 (from within the United States and Canada) or 706/634-0609 (from outside the United States and Canada) by 10:50 a.m. EDT. Richard Brock is the leader name and the reservation number is 3676751. A webcast of the conference call can be accessed at Firstwave's website at www.firstwave.net during the call. A replay of the call via webcast at www.firstwave.net will also be available. About Firstwave Firstwave(R) (www.firstwave.net) provides Web-based, CRM solutions that automate and optimize how companies get, keep and grow customer relationships. Originally founded in 1984 as Brock Control Systems, Firstwave maintains the depth and industry experience required to address unique business needs of diverse companies. With 18 years of experience in CRM, Firstwave holds the distinction of being the Best Internet Based CRM Solution for the past two years as selected by the Denali Group, has been chosen as one of the Top 30 CRM Solutions by ISM for the last three years and has received the CRM Excellence Award by the Technology Marketing Corporation.