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Technology Stocks : DWCH-Datawatch Worth Watching! -- Ignore unavailable to you. Want to Upgrade?

To: Irish who wrote (332)	11/26/1997 8:59:00 AM
From: Mike 2.0	Read Replies (2) \| Respond to of 462

Irish, I never expected positive results for Q4. Don't forget that the company announced a $2.8m restructuring in the same PR as Foley resignation. For whatever reason the company lumps these non-recurring costs into SG&A. If you back out the $2.8m, DWCH NI was about a dime per share for the FY. You could also deduct $0.7m restructuring from Q3 but presumably Q4 results would not have been as good according to Foley's quote in the anticipated revenue PR. What I am surprised about is there was no conference call this quarter, though. I was looking forward to hearing from Gardner now he is running the show, new CFO and others promoted to VP level. OTOH, the company's story is a good one. I have said and still say the company's success depends primarily on market acceptance of Monarch, which is a terrific alternative to data warehousing...if people know about it! Mac sale looks very good too after seeing Mac revenue figure of $6m. That makes the $16.75m sale price = 2.75x revenue which seems very good price for a product line supporting a platform that may not exist a few years from now. Happy Thanksgiving Mike

To: Irish who wrote (332)	11/26/1997 9:14:00 AM
From: Mike 2.0	Respond to of 462

All, blurb from Dow Jones for discussion purposes: "...In other after-hours activity, shares of Datawatch Corp. (DWCH) fell after the company posted a loss for its latest fiscal quarter. For the fourth quarter ended Sept. 30, Datawatch posted a loss of 12 cents a share, compared with earnings of 4 cents a share a year ago. The stock was trading at 2 7/8, compared with its 2 15/16 close." The financial tables on DJ for DWCH don't clarify restuctring costs. Could this trade down based on false conclusion the loss is 100% ongoing ops?? Mike