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To: Cynic 2005 who wrote (19865)	2/16/1999 4:41:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 86076

JDEC is in the enterprise Resource planning software segment...this group is very much out of favor and has is going through a downturn in sales growth in the past couple of Quarters. Part of that is attributable to significant spending of companies IT budgets on Y2K testing and compliance efforts. The money has not been there to buy the software....more significantly IT departments have put a freeze on purchasing new systems if they can not be implemented before say Jul 1 1999 as there is not enough time to verify that they are Y2K compliant. This situation will be passing later this year as companies will be finishing up on Y2K project and will be then upgrading software in 2000 and beyond.... JDEC has a 3 years growth rate of 152.2 % a 1 year growth rate of 81%.....the pe is 22.3 down from the 90's area about 8 months ago. Forward PE is currently 11.6 which is ridiculously low for this type of stock. The market is said to be forward looking 6-9 months and this whole group will be back in favor next year. I think Jdec will be the first to bottom in this group but I doubt it has bottomed yet. I have been considering starting to buy after the recent 4 point sell-off to the 14 area. I am not projecting a bottom in Jdec until the May June-period or poss. the 9 month cycle low in July....but I think that it will be the type of stock that can be purchased held and triple or quadruple in an 18 month time frame...There is still plenty of time to watch JDEC. But those are some of my thoughts......I have reviewed Gartner Groups and Meta Group's evaluation of JDEC's products and they are favorable reviews. I am going to go to the IT (Gartner) and METG sites (Fee Services)and check the latest analysis but not today as I have another project going. J

To: Cynic 2005 who wrote (19865)	2/16/1999 5:36:00 PM
From: Lucretius	Respond to of 86076

you missed the end of the article... Longer-term, Blood is still bullish. He said he still sees the Dow at 11,000 and the S&P 500 at 1400 by the end of 1999. ''There's still some gains to be earned,'' he said, adding he remains ''moderately bullish,'' in the intermediate term. Ho Ho Ho it is OVER.