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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Howard Shlom who wrote (415)	1/28/1999 9:59:00 AM
From: Trooper	Read Replies (1) \| Respond to of 2383

Read the earnings, and RAN to buy 1000 shares, only to see the stock down??? Am I missing something or wasn't this news absolutely fantastic?????? Should have responded better, no doubt about it.

To: Howard Shlom who wrote (415)	1/28/1999 10:06:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 2383

Howard, my thoughts, the earnings look good. There was an improvement in the gross margin, plus a big investment in additional SG&A expenses, just as Zeev called. And the first quarter-over-quarter earnings increase in a year. Their investments are now paying off. The stock is not responding with a big pop in the first hour after the release. My guess is we are clearing out some who might have been looking for a big pop with the earnings release, didn't see it and so are bailing. The stock's earnings should increase quite a bit this year, even if sales don't increase as much as Zeev's 40%. Those who are selling will be replaced by stronger hands with a longer-term perspective.