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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Edward F. Horst Jr. who wrote (2496)	9/6/1998 9:16:00 AM
From: Trader Dave	Read Replies (1) \| Respond to of 3033

Although Vantive's valuation is ridiculous, keep in mind that the cash position is largely offset by the $69 million in convertible debt on the balance sheet. I still think it will take as much as a full year to repair their sales force and strategic mis-steps and generate real year over year license growth in line with the growth of the CIS market. Keep in mind that they have set the bar very low in expectations, so that meeting expectations probably won't get many new shareholders excited in this kind of market. However, I'm hopeful that the company is thinking let's not beat expectations, let's meet them and if we have extra business, let's start to create some "virtual" backlog to increase visibility. Vantive has solid products, a satisfied customer base, and solid board leadership. The situation is reparable, it will take time. In the meantime, i would doubt the company would consider a takeover at these valuations. Therefore, (repeating myself again) stepping in will require a long term horizon. TD