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Technology Stocks : OBJECT DESIGN Inc.: Bargain of the year!! -- Ignore unavailable to you. Want to Upgrade?


To: Sea Otter who wrote (2731)2/11/1999 10:47:00 AM
From: hasbeen101  Read Replies (1) | Respond to of 3194
 
morale looks to be high...

Interesting you say that. There are occasional rumors on this board and on yahoo that sales guys are quitting, ... .



To: Sea Otter who wrote (2731)2/12/1999 5:59:00 AM
From: GUSTAVE JAEGER  Read Replies (1) | Respond to of 3194
 
Excerpt from yesterday's FY98 report:
Object Design® reported total revenues of $62.4 million for the 12 months ended December 31, 1998, up 32 percent from $47.3 million reported for the 12 months ended December 31, 1997. Software license revenues were $44.0 million for the 12 months ended December 31, 1998, up 31 percent from $33.6 million for the prior year. Net income for the 12 months ended December 31, 1998, was $4.8 million or $0.17 per share compared to $800,000 or $0.03 per share for the 12 months ended December 31, 1997.

ODIS managed to raise its soft. license rev by 31% from '97 to '98. Now, if eXcelon is to be ODIS's silver bullet in 1999 we can factor it into ODIS's growth as an extra 10%... That means approx. 45% growth in license revenue in 1999 or $64M. Not so bad for a still depressed dbms market!

Now, if you take into account this little ''consolidation breeze'' blowing around...
news.com

It makes ODIS an attractive play --especially with such good financial parameters (TTM P/E, P/S, float, etc.).

All we need from now on is a stream of eXcelon-related PRs.

Regards,

Gustave.