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Technology Stocks : BroadVision (BVSN) -- Ignore unavailable to you. Want to Upgrade?

To: David R. Doerr who wrote (730)	9/30/1998 11:00:00 PM
From: PeterR1700	Respond to of 3773

David - FWIW from Motley Fool boards. BVSN's recent stock price action reflect a shift to quality of earnings for valuation rather than quantity of earnings. The general drop in price of BVSN and OMKT is a shot in the arm to the E-commerce software industry. It appears by holding BVSN the institutional (wholesale)investors have gotten burnt and by holding OMKT, the retail(Individual investors) investors have gotten burnt in the shot run. However, in the long run everyone will prosper. Recent valuation shift, makes me believe, in future these company's stock price will move in tandem. I would rather have both companies trade at a higher multiple than get killed by shot sellers - given their growth prospects. It is unfortunate how few elements in the investment community has been able to bring down these stocks with the complete knowledge of their previously well known bad news. It is becoming more apparent to me lately that fortunes of these two companies are closely tied to one another. Going forward, the valuations will be based on marketshare, customer growth, geographic presence and reach, product development cycles, sales cycles, business strategy, revenue growth, market presence(high, medium &low end), product innovation and industry growth. I sincerely feel enough damage has been done on both sides by the short sellers. It is time to bring them back to senses. These stocks must trade atleast 12 times their revenue. OMKT with a forecast of $78 million in revenue, at 12 times revenue should trade at $27 BVSN with a forecast of $47 million in revenue, at 12 times revenue should trade at $23 1/2

To: David R. Doerr who wrote (730)	9/30/1998 11:10:00 PM
From: LTK007	Read Replies (1) \| Respond to of 3773

I am considering this BVSN sell off,and what puzzles me,and makes me hesitate to buy it is that this steep fall came at a time when the other internet stocks are basically going side ways--that is worrisome.Max90

To: David R. Doerr who wrote (730)	10/1/1998 8:36:00 AM
From: Edward F. Horst Jr.	Respond to of 3773

I have made a career building and now investing in emerging software companies. I think I understand the fundamentals of growth fairly well. If you look at the charts of similar companies within the first year or so of their IPO, you'll find similar gyrations. Check out MSFT, ORCL, DELL, etc. and you'll see how charts need to placed in their proper level of importance. What is happening within the company, driven by previously successful management, is a key for my investment decisions. Leadership technologies, adopted through partner relationships is another high on my priorities. Improved performance each quarter on an annual and sequential basis is essential to maintain the momentum investors. Nothing has changed in BVSN [unless management is blatantly lying -- which I seriously doubt] except some journalist spooked the momentum players. The large price/sales ratio then became visable, and the volumes of shares to sell couldn't be matched with buys. BVSN started it's recent move in March/April when the patent was announced, BAAN deal, BOD additions, and quarterly results exceeded expectations towards breakeven. If the quarter is as CEO states, this will be an inconvenient blip, and the stock will return towards the levels earlier. The other cloud over all small caps now is the looming "recession fears" permeating Wall Street. If all plays out in next several weeks, through Q3 release, the momentum folks will become a buoyant effect again. That's why I invest in these types of situations. Hope this helps. Everyone needs to do their homework. This is a risky business investing in emerging technology companies. High risk/high reward suits me. It's not for everyone. Be careful and good luck.