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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: Tech Master who wrote (3245)	11/14/1997 3:22:00 PM
From: feltburner	Read Replies (2) \| Respond to of 10786

TM- Looks like operating expenses were flattish (perhaps slightly down) vs. previous qtr. despite the opening of several sales offices. This should alleviate concerns on the expenses side. Now they just need to get the revenues up; I would guess a range of .09 to .21 eps for 4Q given the 6mm - 8mm rev. range- LOVE that margin leverage. By the way, feedback from several sell-side analysts who were at the META Group analyst day yesterday indicated the following pts. of interest: 1) Contrary to reports that the top 10 banks are 50% through Y2K remediation, META's survey of all 10 (all of whom are clients of META) shows they are only 25% complete at best. And this is the industry segment best prepared? 2) Surveys of their clients showed that virtually all firms "took the summer off" from code conversion; whether budget related or just a brief pause after assessments, cos. indicated little was done in 3Q, there will be an uptick in 4Q, and major conversions in '98. 3) META indicated that the avg. co. will spend the equivalent of one yrs. IT budget solving the Y2K issue, with 50% of that coming in '98. Bodes well for the entire Y2K industry going forward. Bring on Nasdaq! -Felt Burner