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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?

To: Bob Zacks who wrote (479)	5/22/1998 1:39:00 PM
From: Saulamanca	Read Replies (1) \| Respond to of 2477

BEA SYSTEMS (BEAS) 22 3/4 -2 1/4. Despite what should be a festive period going into the Memorial Day weekend, investor are in no mood for celebration, picking on anyone connected with supply-chain software management today. This maker of mission-critical software is being dragged down even though its latest quarterly earnings came in ahead of market expectations. BEAS reported that it earned $0.06 a share in Q1, a penny ahead of the First Call estimate, and reversing year-ago loss of $0.04 a share. Revenues also showed strong increases of 85% from year-ago to $56.3 million, and a sequential gain of 9%. However, given the dismantling that has taken place with Manugistics Group (MANU 29 1/16 -18 13/16) this morning following their earnings warning about its upcoming Q1 results, investors are not being too discriminating on who they pick to take out their frustration. Unfortunately, BEAS seems to be doing all the right things, on track to achieve its goal to be a complete middleware solution provider, making acquisitions, and introducing new services that will solidify its position in "mission-critical, enterprise-class applications based on BEA's component technology." This has not helped, however, as the stock has come under pressure following a recent rebound from an intermediate low of 19. This could represent a good buying opportunity for investors willing to ride out the negative wave that has hit this sector. from briefing.com