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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Riley who wrote (26052)	3/3/1999 5:31:00 PM
From: kendall harmon	Respond to of 120523

MANH for a bounce tomorrow. Looks like an overreaction to me. RESEARCH ALERT- Manhattan Associates cut NEW YORK, March 3 (Reuters) - J.C. Bradford and Co. on Wednesday said analyst William Chappell downgraded Manhattan Associates Inc. to neutral from buy, citing concerns about the software makers performance in the current quarter. -- Shares of Manhattan Associates were down 6-7/8 to 9 in late afternoon, a 43 percent decline that was sharpest among Nasdaq issues. -- Chappel said the downgrade reflected his view that costs related to recent attempts to agressively grow sales have not been offset by increased revenues in the company's first quarter, which ends on March 31. -- ''As the company is moving up and targeting larger companies, the sales cycles are stretching out, and deals aren't closing on the scheduling that they had expected,'' Chappel said in an interview. -- Cut estimate of the current quarter to $0.08 a share from $0.10 a share. -- Noted that he believes the company will be successful in winning larger deals, and that the potential shortfall is a timing issue and not one reflective of underlying company fundamentals.

To: Riley who wrote (26052)	3/3/1999 10:35:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

ATEC..I remember that one, does look very good. After a preliminary checking of next weeks earnings plays I see we have almost no tech stocks once again. What I think we should do in the next week or two is 'rediscover' the past earnings plays as watch list candidates. What happens after an earnings play gets a great report is obvious: it goes up.. but after a few days or weeks profit taking sets in and the stock goes in a well deserved 'resting period'. Now would be the time to re-discover stocks emerging from this resting period. FOSL, YUM, SONE, KING, SDLI are examples of companies that went on an on until that hit new 52 weeks highs and pulled back. FOSL has been a great hold ((Fossil Profits Spring 87% On Record Sales)) and we will find others after they finish their retreat.