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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (12485)	8/6/1998 10:08:00 PM
From: Yamakita	Respond to of 18691

QADI is in for a big fall tomorrow. QAD Second-Quarter Financial Results to be Below Expectations CARPINTERIA, Calif.--(BUSINESS WIRE)--Aug. 6, 1998--QAD Inc. (Nasdaq:QADI) Thursday announced that it expects financial results for the second fiscal quarter ended July 31, 1998, to fall below analysts' expectations. The company expects to release final results for the quarter after market close on Aug. 20, 1998. Based on management's initial analysis of the quarter's results and business conditions, QAD expects total revenue to increase approximately 18 to 19 percent from last year's second quarter total revenue of $40.2 million(a). Product revenue (which is comprised of license and maintenance revenue) is expected to increase approximately 22 percent over the same quarter last year. QAD's second quarter results were unfavorably impacted by the deferral of purchasing decisions for ERP software. In the automotive sector, where QAD is the leading ERP vendor to major automotive suppliers, the GM strike delayed some purchasing decisions. While QAD continues to grow in the Asia-Pacific region, this quarter saw several transactions delayed as a result of continued uncertainty in the region. In addition, while expense control initiatives were implemented early in the quarter, their benefit has not yet been fully realized. In combination, these factors will result in a net loss for the second fiscal quarter. While total revenue is expected to be lower than analysts' expectations, QAD believes the market for its products, particularly in its targeted vertical markets (electronics and industrial, automotive, consumer packaged goods, food and beverage, and medical), remains robust. About QAD Founded in 1979, QAD is a leading provider of enterprise resource planning (ERP) and extended supply chain management software for multinational and other large manufacturing companies. Available in 26 languages and able to support multiple currencies, QAD software helps speed business processes for more than 300,000 licensed users at more than 4,000 licensed sites in more than 80 countries. Ideal for distributed operations, QAD's MFG/PRO software is specifically designed for global manufacturers in the following targeted industries: automotive, consumer products, electronics and industrial, food and beverage, and medical. To receive any of QAD's news releases, visit the QAD Web site at qad.com, or to receive QAD news releases via facsimile, call 213/253-5647 or 800/356-0747 -- within the United States only.

To: Oeconomicus who wrote (12485)	8/8/1998 11:51:00 PM
From: Joey Two-Cents	Read Replies (2) \| Respond to of 18691

Bob, Seems like we're day's away from a Chinese devaluation As China tries to deal with their slowing economy, floods and rising unemployment Japan heads towards the economic abysss. The list of countries in financial trouble is getting to long to print. The buzz word in the next 6 months will be derrivatives. There are over $ 20 trillion in derrivative contracts that have yet come due. The losses that these banks (CCI, JPM, BT & CMB) will incur by the unravelling (non-payment by contracting party)of these instruments will be staggering. With the Asian (soon to be South American) crisis, US recession and Y2K look for a dow 2000 in the year 2000. Also, look for a Taiwan grab by China. Might as well do it while they can catch the President with his pants down (again). It's always good to subdue the masses with a war. Mexico drops on Moodys comments. biz.yahoo.com Bank of Canada intervenes to support C$ biz.yahoo.com Hong Kong falls on devaluation worries biz.yahoo.com Vietnam devalues dailynews.yahoo.com Indonesian economy to contract 15% this year. dailynews.yahoo.com Japanese unemployment highest in 22 years. satellite.nikkei.co.jp Asian crisis continues to deepen wsws.org