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Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: treetopflier who wrote (228)	10/8/1998 8:56:00 PM
From: Adelantado	Read Replies (1) \| Respond to of 1138

The market is in mass hesteria; some stocks plunge while others ride an oscillating series of great leaps up then down as LEGO seems to be doing right now. The theorests would say that the divergent prices indicate uncertainty as investors look for safety and minimum loss instead of great gains. This all reminds me of the last moments of the Titanic, as the passengers who chanced to survive afterwards scrambled among the dead and flotsom for some last hope of survival. Soon, all will be still and life-less available to any of the survivors who happen to drift by; easy pickings soon. Joe

To: treetopflier who wrote (228)	10/15/1998 2:59:00 PM
From: Beltropolis Boy	Respond to of 1138

Legato Systems 3rd-Qtr Earnings Beat Analysts Estimates Bloomberg News October 14, 1998, 3:37 p.m. PT Palo Alto, California, Oct. 14 (Bloomberg) -- Legato Systems Inc. reported better-than-expected third-quarter earnings as the maker of software to protect and store computer data reported a 65 percent increase in software sales. Legato said net income was $7.9 million, or 20 cents a share, excluding charges associated with the acquisition of Software Moguls, from $4.3 million, or 11 cents, in the year-earlier period. Analysts expected the company to earn 17 cents, according to First Call Corp. Revenue rose 71 percent to $37.5 million from $22.0 million. Legato shares have risen 68 percent this year as corporations have purchased its so-called storage management software to back up and protect data across corporate computer systems. Corporations are turning increasingly to software that helps them manage data across different computer systems such as Unix-based or Windows NT-based operating systems. "We are pleased with our third-quarter financial performance in all respects," said Chief Financial Officer Stephen Wise in a statement. The company's software product sales rose to $28.8 million from $17.4 million a year ago. Service and support revenue rose 91 percent to $8.7 million. Shares of Palo Alto, California-based Legato fell 5/8 to 36 7/8. The results were released after the close of U.S. trading.

To: treetopflier who wrote (228)	10/15/1998 5:19:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 1138

A review of 'treetopflier's "insight": Let's see, treetop, on Oct. 6, you said you shorted a full position. Closing price that day was $31 1/8. The lowest low since then was $27 7/8 (10/8), so at most you profited $3 1/4 (10%). On October 7, your insight was "I expect to see LGTO in the low teens by this time next year, if not lower." We won't know about that for a year. Maybe you're right. BUT in the past week: LGTO closed today at $42 1/4. By shorting on 10/6, you lost $10 7/8, or a whopping 36%. On the other hand, the poor long investor who bought at the very top, $56 3/16 on 9/23, is down $13 15/15 or just 25%. Despite the fact that you "work with ALL these products, day in, day out", you still need to learn not to fight the trend. The MARKET is saying this is an up-trending stock. When LGTO's earnings beat street estimates today, the financials confirmed this fact. I still think a short flier is going to pile into those treetops. If you haven't crashed yet, you've sure eaten a bunch of turbulence. Tell us, Flier, did you ever pull that ripcord? You know, a prudent short might get $10 out of LGTO right now. A more skilled short would wait for $50 again before shorting and take out $18. But LGTO is _never_ a short at $31. And as far as the $teens go, LGTO is far more likely to gain $20 more from here than to lose $20. Please share some more insights with us, treetopflier, when you're in a position to help us make some profit. We all can understand why you haven't been around for a week.