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

To: MJ who wrote (9479)	2/15/1998 9:44:00 AM
From: Lou	Read Replies (1) \| Respond to of 14631

Jim Jubak analyzes the Analysts/ software comments/briefing.com [from a reposter] Analyzing the Analysts "Sure, the experts who follow stocks can offer excellent advice -- but not necessarily for you. Here's how to filter what they say. ---------" By Jim Jubak You can find this article at: investor.msn.com ************************************************* Comments about software stocks- Recent assessment of software sector from briefing.com 10) COMPUTER SOFTWARE...1/2...........2/3...........(+) Comment: After a period of consolidation, the software group is poised for another solid advance. The corrective activity was brought on by the Asian contagion, as investors everything tech-related down several notches. However, as it has done in the past, the software group weathered the storm in pretty good shape. The biggest losers were the smaller, second tier companies such as Borland and Novell, and the relational database firms. Sybase, like Informix, announced that it had to restate earnings due to improperly recognizing revenues. Meanwhile, the market share leader - Oracle - posted sluggish sales. On the other hand, Microsoft, Computer Associates, BMC Software and PeopleSoft held up relatively well. With the Asian fears on the back burner, bearish psychology is giving way to renewed optimism. And in the software sector optimism is warranted. Strong economic growth in the US and a rebounding Europe should help offset weakness from the Asian region. But even if growth slows a bit domestically, look for major capital spending projects to be put on hold while software upgrades continue unabated. Demand for sub-$1000 PCs driving consumer interest, which will lead to solid sales of operating systems, games and applications. MSFT is also set to unveil its Windows 98 OS later this year, which will give the stock and the industry a solid boost. Internet-related firms will fare well, as will those companies providing Y2K solutions. Finally, the technical tone of the group's leaders has improved greatly over the past couple weeks. Our only concern at this juncture is the relatively high valuations. To reflect this concern, we are keeping the group's long-term rating at 2. But the improved near-term tone compels us to raise the short- to intermediate-term rating from 3 to 1. Stocks: Adobe Systems (ADBE), America Online (AOL), Autodesk (ADSK), Automatic Data Processing (AUD), BBN Corp. (BBN), BMC Software (BMCS), Borland International (BORL), Broderbund (BROD), Ceridian (CEN), Computer Associates (CA), Computer Sciences (CSC), First Data Corp. (FDC), Forte Systems (FRTE), Informix (IFMX),** Microsoft (MSFT), National Data (NDC), Netscape (NSCP), Novell (NOVL), Oracle (ORCL), Parametric Technologies (PMTC) , PeopleSoft (PSFT), Sybase (SYBS), Symantec (SYMC), SystemSoftware (SSAX).