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Technology Stocks : Remedy Taking a hit why? -- Ignore unavailable to you. Want to Upgrade?

To: Will Cunningham who wrote (394)	12/23/1997 11:08:00 AM
From: Tassi	Respond to of 763

NEW YORK, Dec 23 (Reuters) - Goldman Sachs said on Tuesday it removed shares of Remedy Corp from the firm's recommended list and now rates the stock a market perform. -- Goldman cut its 1997 earnings estimate on Remedy to $0.90 a share from $0.97 a share and its 1998 earnings estimate to $1.25 per share from $1.42 per share. -- Firm said downgrade based on recent announcement that International Business Machines Corp IBM.N would acquire Remedy rival Software Artistry Inc SWRT.O for $200 million. -- Goldman said the acquisition by IBM could delay Remedy's orders and also hurt its business next year. -- Stock fell 8-7/8 to 24 in active trade. REUTERS Rtr 09:56 12-23-97 Copyright 1997, Reuters News Service

To: Will Cunningham who wrote (394)	12/23/1997 11:36:00 AM
From: seth thomas	Respond to of 763

Thanks for posting the insider trading data. Looking at it objectively, I'd have to say that I think the insiders did nothing wrong. They sold about a week or two after the previous quarter's numbers were posted, over a month before today's announcement, and about a month before the SWRT announcement. The timing is unfortunate for those individuals, because they will get dragged through a lawsuit, for sure. At some point, insiders have to be allowed to sell - and waiting a week or two after numbers is prudent. It looks like these guys did sell at a peak - nothing wrong with that.

To: Will Cunningham who wrote (394)	12/23/1997 12:53:00 PM
From: WaveSeeker	Respond to of 763

I used to be a big fan of Remedy's, but this is terrible news. I dumped most of my stock in the low 40's. I will be shorting this stock until kingdom come. - Mark

To: Will Cunningham who wrote (394)	12/23/1997 1:27:00 PM
From: Bald Man from Mars	Read Replies (2) \| Respond to of 763

<<Here's a recent list of insider activity. These are all sells going back to October 28. I wonder who didn't sell?>> I didn't sell, and I am paying the price for it. What a crummy Christmas !!!