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Technology Stocks : Simulation Sciences (SMCI) -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (118)	2/14/1998 10:34:00 PM
From: James Hutton	Read Replies (1) \| Respond to of 183

I've followed this company for a long time and it always seemed fully valued to me. I tried to get in at the end of the day on the 6th, but got shut out. I'm still out. I just saw the most recent First Call estimates for FY 98 and FY 99. They've gone down sharply and are now .43 and .75 respectively. Everything I've read on this board and in the press seems to suggest that last week's debacle was due to R&D expenses and a contract delay. But, these "one-time" glitches would not seem to lead to the kind of downward pressure on earnings that the analysts are predicting. Any of you experts have any explanations? Oh yeah, any opinion of whether the recent plunge in oil prices is also hurting the stock?

To: Rational who wrote (118)	2/15/1998 2:38:00 AM
From: Gangyi Feng	Read Replies (2) \| Respond to of 183

Hi, Sankar, Paril, and all: Thank you very much for your information. From Sankar, "SMCI 401(k) Plan put (all?) its money (7.3%) on SMCI stock after the drop." I have checked BLLOMBERG and found that the majority, if not all, of the highest-level officers of SMCI, including the CEO, have been selling SMCI shares every Q since the beginning of the last year. Consequently, they hold either zero or negligible amount of shares. In contrast, AZPN's CEO holds nearly one million company shares (he is the founder); its president also hold several hundred thousand shares. Any comments? Also, I'd like to mention that I'm very sure that SMCI and AZPN are direct competitors. See aspentec.com aspentec.com In fact, AZPN is trying hard to grab the market shares of refineries, which are SMCI's major customers; see aspentech.com Happy investing! Gangyi