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Technology Stocks : Merant - MRNT (formerly MIFGY) -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (197)	8/24/1998 9:24:00 AM
From: Ian Burton	Read Replies (1) \| Respond to of 461

Great that MIFGY can report growth as they did - useful spin. Put in different terms however the very same numbers paint a picture of flat revenues over the past four quarters and flat eps numbers over the same period. Significantly increased operating expenses. One of my long term concerns about MIFGY - the high level of Trade Debtors came down to 75 day-sales-outstanding making a useful addition to the Balance Sheet. The lack of sales growth over this period concerns me. In contrast to previous years the London AGM was a small affair - total of 15 present with some 7 actual shareholders - 2 of which were the old guard Directors plus a further 2 Director's Spouses!! No Employee Shareholders present as far as I could tell. Formal resolutions only - but they took all the questions that the modest floor numbers could ask. They made mention of a press briefing the morning of the AGM - but would not provide shareholders with copies.