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Technology Stocks : Hyperion Solutions (HYSL) - An Analytical Gorilla? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Svereika who wrote (273)	12/9/1998 4:14:00 PM
From: Grabs	Read Replies (1) \| Respond to of 471

Bloomberg News: Hyperion Shares Falls on Concern About Analytic-Software Sales Sunnyvale, California, Dec. 9 (Bloomberg) -- Hyperion Solutions Corp. shares fell as much as 23 percent on concern that the maker of analytic software may have weaker-than-expected sales. Hyperion fell 6 5/8 to 26 3/4 in late trading of 6.9 million shares, 10 times its three month-daily average. Earlier, the shares touched 25 5/8. Hyperion makes software to analyze corporate data to make better business decisions. It was formed through the merger of Arbor Software Corp. and Hyperion Software Corp., which closed in August. Some investors are concerned about its applications sales growth as a result of the merger. ''The stock is down because of concerns about the quarter, particularly the flow of business on the applications side,'' said Gary Abbott, an analyst at Punk Ziegel & Co., who rates the stock ''aggressive buy.'' Abbott said the drop in the shares is an overreaction to unfounded worries about the company's quarter. He expects fiscal second-quarter earnings per share of 33 cents. The company will report its earnings in January.