Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TSI Software (TSFW) -- Ignore unavailable to you. Want to Upgrade?

To: Red Scouser who wrote (3)	3/8/1999 1:15:00 PM
From: Mary Kay	Read Replies (3) \| Respond to of 21

What is the news? I can't find it.

To: Red Scouser who wrote (3)	3/16/1999 9:59:00 PM
From: Red Scouser	Read Replies (1) \| Respond to of 21

Connecticut Stocks Little Changed as Bridgeport Machines Gains Hartford, Connecticut, March 16 (Bloomberg) -- Connecticut stocks were little changed as Bridgeport Machines Inc. lead stocks that gained and TSI International Software Ltd. lead those that fell on the day the Dow Jones Industrial Average reached 10,000 for the first time. The Bloomberg Connecticut Index fell 0.04 to 194.00. The index, down 3.4 percent this year, is a price-weighted list of the stocks of 157 companies doing business in Connecticut and is designed to reflect the performance of the state's economy. Bridgeport-based Bridgeport Machines rose 3 7/16 to 8 1/8 after closely held High Technology Holding Corp. offered to buy 2.5 million shares of the maker of metal-cutting machines for $10.125 a share. Danbury-based TSI International Software Ltd., a maker of business software whose shares have more than tripled in the past year, dropped 2 11/16 to 58 7/16. The Dow average fell 28.30, or 0.3 percent, to 9930.47 after touching 10,001.78 in the first 30 minutes of trading. The milestone was reached three weeks short of a year after the average closed above 9,000. Crossing 10,000 ''was like scaling Mount Everest,'' said David Sowerby, who helps oversee $10 billion in stocks for Loomis, Sayles & Co. in Detroit. ''You look down and say, 'I'm pretty high up the mountain.' You're a little nervous, and you drop down a couple of ledges.'' The Standard & Poor's 500 Index fell 0.90 to 1306.36. The Nasdaq Composite Index, packed with computer-related shares, advanced 7.83, or 0.3 percent, to 2439.27, outperforming the Dow average just as it has throughout the 1990s. Other Connecticut stocks that rose included telecommunications equipment maker Transwitch Corp. and those that fell included Citigroup, the world's biggest financial services company. Shelton-based Transwitch climbed 2 7/16 to 40 3/4, while New York-based Citigroup dropped 1 7/16 to 64 1/2. 19:26:40 03/16/1999

To: Red Scouser who wrote (3)	3/20/1999 1:09:00 PM
From: Red Scouser	Read Replies (1) \| Respond to of 21

03/19 13:59 New Era shrs tumble, company denies losing client By Daniel Bases NEW YORK, March 19 (Reuters) - New Era of Networks Inc. [NEON-news], a maker of software used to shuttle data between corporate databases, Friday denied market rumors it had lost a major contract and client. The rumors, plus concerns that a rival could turn up the competitive heat, sent the stock tumbling $6.125 to $62 in Nasdaq trading on Friday. Shares sank $5.25 on Thursday. "There are rumors in the marketplace, which have no basis in fact," said Cynthia King, New Era director of investor relations. King said the company has not lost a client or its related business, but declined to elaborate on the rumors or identify the client involved in the rumors. Wall Street insiders said New Era was rumored to have lost commercial banker, J.P. Morgan & Co. Inc.[JPM-news], as a client. J.P. Morgan declined to comment. "We went through this last September, when the shorts (positions) come due," King said, adding "Our analysts are telling us that it is likely the people with the short positions, and there is a large short position out there." Analysts remained positive on the stock despite other rumors that the company was going to miss first-quarter earnings projections. Because the company was in a so-called quiet period ahead of the first quarter earnings report on April 21, King would only say that the "guidance that we gave to analysts prior to our quiet period was that their estimates were reasonable." In February, New Era's chief financial officer told an industry conference the company was confident it would beat expectations that it would double revenues and earnings in 1999. The 1999 consensus earnings estimate is 50 cents a share, according to First Call Corp. According Nasdaq, short positions of 1.52 million shares represent about 9.4 percent of New Era's 24.7 million outstanding common shares. Analysts played down the acquisition of privately held Braid Group Ltd. by New Era competitor TSI International Software Ltd. [TSFW-news], citing it as excuse to cash in on record high prices. "We're very positive on the stock, the business is terrific, the rumors are unfounded. There's no impact from this competitor's acquisition," said CS First Boston analyst, Wendell Laidley. "At these valuations, it doesn't take much to prompt someone to take some profits, and my take is that perhaps the TSI acquisition gave people such an excuse, even though we don't think it poses a material threat," said David Breiner, an analyst with Volpe Brown Whelan in San Francisco. Breiner has a strong buy recommendation on the stock, and expects 1999 earnings of 48 cents a share on revenues of $123 million. The price/earnings ratio is 133. New Era was founded in 1993 by George "Rick" Adam, the former head of information technology at Goldman Sachs & Co.