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Technology Stocks : RATIONAL SOFTWARE- BUY OR HOLD -- Ignore unavailable to you. Want to Upgrade?

To: Hyperpy who wrote (2582)	7/15/1998 8:33:00 PM
From: Mark Lines	Read Replies (1) \| Respond to of 3115

Good quarter, eh? (I'm Canadian) :) Thanks to Shoeless for the tip on the conference call. It was very informative. Paul Levy articulates his vision very well, and seems to be able to execute equally well. I think that the product integration pains are largely behind them. He was joking about the Atria merger like it was a bad dream or something. Should see a pop in the stock price tomorrow, and hopefully more over the next few weeks as the earnings estimates are increased as a result of this call. I would also expect some more analyst upgrades. The only mildly negative thing IMO is that, while Levy said that they repurchased 3M shares @ $15.98 for an outlay of about $50M, shares outstanding actually INCREASED by about 3M this quarter. I am assuming that this is due to exercise of options, and the employee stock purchase plan.