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Technology Stocks : Manugistics, Inc. (MANU) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (759)	6/10/1998 2:36:00 PM
From: Amsterdam	Read Replies (1) \| Respond to of 1670

Gibson's non-commit to 50% growth struck me more as managing expectations to assure that he exceeds future estimates. I suspect he'd rather be in a bar fight than repeat the last month. I'm sure they'll beat the 50% growth rate. IMO, this is starting to look like a great buy; SCM is a sector with great growth and no slowdown in sight, Manu is still a leader in their market and it's not like they're losing deals to the competition. This is a long sell, as has been pointed out earlier, because of the need for a company's suppliers to get on board, hence leading to a lot of variability in quarterly earnings. Manu has a market cap of $460M which is about two times forward sales, and is attractive from an acquisition price as well. The big money is out and won't get back on board until Manu starts showing some consistency. But, if Q1 was a bad quarter due to deferment of large deals then it's reasonable to expect Q2 to be a solid quarter with the newly expected discipline of holding a little reserve for Q3. I think we're near the bottom here. I like SCM long term and think it's a good buy.

To: Lizzie Tudor who wrote (759)	6/10/1998 3:27:00 PM
From: Jay Rommel	Respond to of 1670

News on Manu in news.com news.com Good news is that we are down only 3 + points ... I thought we would get hit another 15% today... If this keeps up, my Michael Jordan rookie card will be worth more that my entire MANU holdings. What's funny about this is that both American Software and Ilogy are down today because of MANU ... Ilogy reported yesterday of 77% Revenue Growth For Quarter Ended March 31, 1998 and American Software announced today that for the year ended April 30, 1998, net earnings were $7.8 million, an increase of 234% over the preceding year. Total revenues were $107.5 million, an increase of 27% as compared to the prior year while operating earnings increased 415% to $8.7 million. Yet, both could not overcome the bad news from MANU.