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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?

To: Bob Zacks who wrote (399)	2/13/1998 3:45:00 PM
From: NotNeiderhoffer	Respond to of 2477

Ah yes, the twelfth annual Goldman Sachs Global High Tech Investment Symposium at the Grand Hyatt. A tech love-in with 138 companies over four days. All the top dogs presented with a host of solid small cap outfits. The conference started with James "I drink too much coffee" Cramer and his vision of the internet (pushing YAHOO like crazy) and of course TheStreet.com. Took major swipes at the morons at Dow Jones for the indecisiveness with DJ markets and the just announced write off. Dinner presentations included George Gilder, Michael Dell; Lunch featured Lew Platt from HP, Roger McNamee and a roundtable where Cramer entertained, John Force from PBHG moaned about small caps, Paul Wick said something and Chip Morris offered some excellent insight. Cramer has been winning the performance derby between these horses of late. The conference consisted of 40 minute presentations with equal breakout session. The conference was notable for a bevy of brainy babes, a smorgasbord of junk food (Dove bars, popcorn, pretzels, loose candy including snow caps, cookies (I hate black and whites), coffee (NotNeiderhoffer score (78/100)-can somewhat at the Grand Hyatt please call starbucks) etc. etc. etc. NotNeiderhoffer needs to visit his tailor to let his suits out a bit. Free WSJ's and New Times saved penny pinching money managers additional pocket change. Rick Sherlund spent the entire conference impersonating a grad student with sweators, khakis and a backpack (what happened to suits and ties-many hedge types running around in casual clothes)and our Wednesday lunch table agreed that Laura Conigliaro was separated at birth from Marge Schott. No signs of Schottzie however. Upbeat presentations I saw included BEAS (of course), PMTC, JBIL, and PSFT. Other small/mid caps that presented include PRIA, AZPN, LLTC, CGNX, PLAB, ATHM, SEBL, ANAD, HARB to name a few. A friend of mine that runs institutional money and is a fairly large recent buyer of BEA has had several one on ones with co. mgmt recently. He is looking for seven cents (consensus five cents)to be reported in the Jan quarter and thinks they closed the quarter early and pushed some business into the April quarter. He is working on the assumption that forty to forty two cents is a layup for Jan 99 and that the company will be partnering with MSFT as opposed to butting heads with Deathstar. This certainly seems to be one of the better stories out there and by the size of the crowd and people I polled I think it is still a bit undiscovered by the buyside, despite the excellent action in the stock recently. Can it punch through $25 and set a new high? NotNeiderhoffer sez probably soon and kicks himself for not buying pre Goldman. Still on the sidelines feeling pretty lame. Now I have three days to beat myself up. Love those three day weekends!

To: Bob Zacks who wrote (399)	2/14/1998 5:37:00 PM
From: DJ Clancey	Read Replies (2) \| Respond to of 2477

I am not personally familiar with their new object monitors, but have to believe that they will have an excellent product on a leading edge part of the computing industry. I think some things need to be sorted out with the object world, but we will be seeing a major scale-up of distributed object models as it becomes more mature over the next 1-2 years. From the people I know working with that model right now, there is still some confusion about standards such as DCOM, CORBA, and a few other things that need to mature. However, although it is still bleeding edge, it is one of the leading topics and hopes out there at this time. If you look at object technology in general, some organizations are making good use of it while others are maturing into it conceptually. It was one reason Informix had such a tough time last year (as is Oracle with Oracle8 object/relational database). The use of object technology offers great promise for efficiency in development, but developers need to learn to think in it the way they have learned to think in relational theory. Another analogy would be commerce over the web. Everybody knows its going to boom once the comfort levels get established and companies discover how to best use it. It is a new paradigm. Distributed objects will gain greater acceptance over the next couple years (for more general use) and will offer great opportunities for computing. Not to be long winded, if BEAS current offerings are any indication of their future products, they should be tremendous products in the right place for a newly emerging market. <<<NotNeiderhoffer... He is looking for seven cents (consensus five cents)to be reported in the Jan quarter and thinks they closed the quarter early and pushed some business into the April quarter. He is working on the assumption that forty to forty two cents is a layup for Jan 99 and that the company will be partnering with MSFT as opposed to butting heads with Deathstar.>>> Was that some guess about partnering with MSFT? As much as I hate to see a good company dealing with the devil, that could be incredibly significant. Just ask Citrix. DJ