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

To: Robert Graham who wrote (10941)	5/22/1998 9:46:00 PM
From: Dave Yenne	Read Replies (1) \| Respond to of 14631

Bob: Mark is wrong about Sybase and has no way knowing what is happening at companies he has no association with. I do respect, and appreciate, Mr. Finger's technical and business knowledge. No one should be making speculations about practices at competitors to put Informix in a better light. As an Informix investor, IMO this restatement by Informix has put them 2 steps back on the road to credibility with Wall Street. Isn't there an SEC investigation pending or underway related to Informix? This can't make them look good. I was honestly hoping for a $10+ stock price in June. I don't think this will happen until September now. Even if the Q2 numbers are great, it makes one wonder if you need to wait a another month to know for sure.

To: Robert Graham who wrote (10941)	5/22/1998 11:38:00 PM
From: Gene Lee	Respond to of 14631

"...what would be a good way to dealing with this situation?" IMO the restatement shows: 1. The firm determination to correct what had been done wrong, so IFMX can have a new start. 2. It shows the confident they have toward IFMX future by recognize short term revenue loss caused by bad Acct practice( or errors?). 3. It explains why the stock declined after Q rpt. Whether IFMX did the restatement or not, it seems the MMs were aware of the problem but probably waiting for detailed number. The restatement should clear the uncertainty. As a result, I expect no further price decline from here. Technically, it should retest the 6 support after break 7. If not, it shows the restatement having positive impact.