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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (528)	8/3/1998 2:10:00 PM
From: treetopflier	Respond to of 2477

Time to short NEON? Given the market's unwillingness to hold PEs in the 50+ range (other than for the internet stocks), it is surprising to see NEON at 173. While they list integration with the major package vendors and their IBM MQSeries reseller agreement with IBM, these hardly justify a PE of 173. BEAS recently acquired an MQSeries gateway. So what?! They also already run under SAP and PSFT (Oracle is doing its own thing, which is probably why you don't see Oracle Financials so prominently mentioned in the recent NEON posts) using XA compliant middleware. NEON has provided an incredible ride and may provide even more heart-stopping action, but I don't think it has anything to do with what BEAS has seen in recent weeks. ALL THE HIGH PE companies in the tech sector outside of the internet stocks have been trounced, some more than 25%, e.g. MANU. It isn't because of the success of NEON that BEAS is down. NEON will be next. ttf

To: JakeStraw who wrote (528)	8/3/1998 3:46:00 PM
From: Talk_cents	Read Replies (1) \| Respond to of 2477

"...no idea why stock price has lost 25% .." - rephrased Answer: Greenspan and technical sector correction (NASDAQ) Recent News BEAS Systems -------------------------------------------- Aug 3 "no idea" Jul 29 Selects Symantec as Java Tools partner Jul 28 Begins shipping BEA M3 Middleware Jul 24 CS First Boston initiates coverage at a strong buy Jul 21 Provide COM Interop. for M3 using ObjectBridge Jul 21 Acquires Entersoft to Expand Middleware Capab. Jul 07 Issues additional $50 Million of 4% Notes Jun 26 Alliance/OEM agreements with TSI Software Jun 23 dvg Hannover selects BEA Middleware Jun 17 Completes acq. of TOP END Jun 09 Signs multi-million/multi-year deal with Ameritech BEAS started dropping on the 20th. A day before the announcement of its acquistion of Entersoft. BEAS dropped almost 10%. If I remember correctly, the NASDAQ/DOW markets started to drop 2 days later? Most of the time stock prices of the acquiring company drop on these events. Unfortunately for BEAS it happened just before the DOW/NASDAQ drop. esp. NASDAQ. The Japan/ASIA, CLinton/sex scandal, and bleak profit outlooks have had a larger impact on BEAS prices for the most part. BEAS is still a small company. Unfortunately when there are market drops like this, its the smaller companies that can get zapped alittle more. If you noticed, the larger/stronger companies didn't drop as much as BEAS. If investors are going to be purchasing shares during this market they will want to "fly" to quality/strength. BEAS is not a technical blue chip. This would probably explain the lower volume levels also! BEAS needs to atleast meet the .07 this Aug 20. Pref. more than .07! .09 to .11 would be great. Additionally, for a sizable gain in price, BEAS needs a stabilizing NASDAQ market. Seems that S&P and DOW have a smaller impact on BEAS. The lack of interest in BEAS stock (low volume) and tech sector pressure has AMPLIFIED the current short term trend of BEAS' stock price. It seems that during the last two weeks, BEAS price gets a boost when the market rebounds.