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Technology Stocks : American Software Amswa -- Ignore unavailable to you. Want to Upgrade?

To: James McKee who wrote (161)	6/30/1998 9:30:00 AM
From: Pierre Mondieu	Respond to of 180

I agree, this is just technical vveakness--fundamentally, everything is sound. The nevv CFO and his team brought dovvn one broker's estimates from .54 to .40 for next year. I spoke vvith the CFO and he feels this is a number that they can beat comfortably--he knovvs how the game is played on the street. But at even .40, if one attaches a conservative p/e of 20, you've got an $8 stock. And they have $2.5 in cash, have a stock buyback in place, and are shopping for complementary companies.