Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: cirrus who wrote (128)	7/30/1998 6:11:00 PM
From: Dave Williams	Respond to of 371

Re: Tax rate; 40% was used in 96-97, dropped to 38% in Q198. Perhaps Arthur acquisition/R&D write-off has changed tax rate blend to bump back to 39-40% range. Shouldn't be a big deal, but maybe they've got less "cushion" to work with in future quarters. I didn't hear teleconf. DSO's to 107 are a negative. Soft international revenues also a concern, as that segment outgrew domestic in past 2 years. If services outpaced licenses, then international licenses would be assumed to be the weakest performing part. Were Asia, Europe, and Latin America components discussed in teleconf? This could provide some insights into license pipeline geographic balance. Check 10-Q if it didn't come up in teleconf. If apples-apples EPS has grown by 54%, and PE is below 40, current valuation ($23-$25/share) appears undervalued if you have confidence in next couple of Qtrs. Some high EPS expectations ahead....