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

To: puborectalis who wrote (10900)	5/21/1998 7:37:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 14631

Your comments are about as random as his original ones. I HATE IT when posters on SI disagree with someone and tell them to go to another thread! Don't you get it Stephen, this is a free country and he can say what he wants and you do not have to agree. Quit sounding like a baby crying at dayschool! I had to vent. I get soooo fed up with people telling others to "leave my thread" if they are not bullish! Loosen Up Tiger! MileHigh

To: puborectalis who wrote (10900)	5/21/1998 7:38:00 PM
From: MileHigh	Respond to of 14631

More news from briefing.com, sorry if already posted! INFORMIX CROP. (IFMX) 7 -17/32. Sometimes, it is difficult to break bad habits. And this maker of relational database software has not been able to end its repetitive habit of needing to restate its financial results. In the process, these restatements are not doing much for its credibility. Late yesterday, the company announced that it would restate its Q1 results after reclassifying revenue from software license agreements with end users. The revenue restatement prompted by the new software accounting standard will be recognized over about a two-year period as previously this revenue was recognized immediately, treated as reseller revenue rather than end user. On April 30, Informix reported that it earned $0.03 a share, six cents ahead of the First Call estimate, which allow the stock to trade above $10, a feat not accomplished since last September. Unfortunately, the elimination of $6.2 million in revenues has prompted the company to record a nil profit in Q1. And while still ahead of Wall Street expectations at the time, it does little to restore confidence that management is on top of its financial situation. In fact, newly appointed CEO Robert Finocchio seems to be making the same financial mistakes its predecessor did, which does not say much about casting confidence on future results. While the discrepancy was partly related to the dismissal of its independent accountants, Informix needs to have better accountability on its financial picture if the stock has any hope of bouncing back. Having lost much of the goodwill it had when the company was viewed as a legitimate challenger to Oracle, it needs to get its act together if it has any hope of again attracting investor interest MileHigh