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Technology Stocks : Systemsoft Inc. (SYSF) -- Ignore unavailable to you. Want to Upgrade?

To: Keith E. Krantz who wrote (3310)	5/9/1998 9:06:00 PM
From: burt l seifman	Read Replies (1) \| Respond to of 3529

Maybe this helps, another analyst firm that supported sysf, this one came on board I believe about three months ago. So realise even the pro's get caught. SystemSoft<SYSF.O> downgraded, stock drops sharply NEW YORK, May 8 (Reuters) - Shares of SystemSoft Corp. fell sharply Friday, losing nearly 20 percent of their value. The stock closed down 11/16 to 2-7/8 and was one of the top losers for the session on the Nasdaq Stock Market. Adams Harkness and Hill analyst Steve Frankel cut the stock's rating to market performer from attractive after the company said late Thursday it expects to report a first quarter loss of $5.0 million to $5.9 million and said it will cut its workforce. "SystemSoft is undergoing a brutal transition, with the slumping BIOS and Card Business not being offset by the promise of System Wizard," Frankel said in a research report. He cut his fiscal 1999 revenue forecast to $22.7 million from an earlier forecast of $43.2 million. Frankel also cut bottom line estimates, forecasting a loss of $0.68 a share in fiscal 1999, down from a loss of $0.19. For fiscal 2000, he estimates earnings per share at $0.10, down from an earlier estimate of $0.30. "We can put little faith in our earnings estimates, but still believe there is value to the company's technology," he said. The shares had traded above $30 in September 1996. ((