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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Dave Yenne who wrote (9202)	2/10/1998 2:46:00 AM
From: Jason Chesshir	Read Replies (1) \| Respond to of 14631

Informix (IFMX.O) shares rise on earnings outlook MENLO PARK, Calif., Feb 9 (Reuters) - Informix Corp shares rose as much as 21 percent on Monday amid investor optimism that the database software company might report improving earnings Wednesday. "There is speculation that they might have a better-than-expected quarter, breaking even or reporting a slight profit," said James Mendelson, analyst at investment bank SoundView Financial Group. Shares of Informix, based in Menlo Park, Calif., were up 15/16 at 7-3/8, up 15 percent, in late Nasdaq trading. Earlier, the shares had traded as high as 7-13/32. Informix is the third-biggest independent vendor of database software. Wall Street expects it to report a loss of 16 cents a share Wednesday when it reports results for the fourth quarter, according to a recent analyst survey by Zacks Investment Research. For the past three quarters, Informix has been reporting huge losses. The company stumbled badly in the first quarter last year when it began pushing an advanced database product that drew little interest from customers. Meanwhile, sales of its established database products suffered because of neglected marketing. On top of that, the company said in August that it had discovered that some of the sales recorded in the preceeding two years did not comply with standard accounting practices. In November, Informix restated earnings going back to 1996. Since summer, a new management, led by Chief Executive Bob Finocchio, has been slashing costs, focusing marketing, and rebooking revenue. Analyst Mendelson said some investors are expecting the company to begin showing signs of turning around. "I guess there's some element of what's described as bottom-fishing going on," he said. REUTERS