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Technology Stocks : Platinum Technology -- Ignore unavailable to you. Want to Upgrade?


To: EL KABONG!!! who wrote (3491)4/9/1998 7:05:00 PM
From: Richard Jurek  Read Replies (2) | Respond to of 4148
 
FYI: From Soundview: Research Highlight - Gartner Conference

Stock: PLAT
Rating: Buy/Hold
Date: April 8, 1998

At the Gartner Group Predicts Conference, the PLATINUM session was by far the
best attended with an extended question and answer on product strategy,
acquisition integration and profitability. We believe PLAT had a good March
quarter with a good pipeline of business going forward. PLAT continues to do well
in system and database management against far larger competitors including CA
and IBM/Tivoli and is enjoying the benefits of having a large scale distribution
network. The PLATINUM stock remains too undervalued to ignore at $22 and we
would absolutely buy stock here with our $37 price target in mind.



To: EL KABONG!!! who wrote (3491)4/10/1998 4:15:00 PM
From: Mark Ableson  Read Replies (1) | Respond to of 4148
 
Re: SoundView is a PLAT market maker. One would think that they have all the PLAT that they want. Would they be open-market buyers for private clientele or are they buying for themselves figuring on a quick profit from a good earnings statement?

Kerry, I just followed up with PLAT. Latest word is that SoundView was selling on behalf of a large customer who did not know what they were doing, realized the mistake, and then quickly covered when PLAT confirmed that earnings would be coming out for sure next week.