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Technology Stocks : Documentum (DCTM) Software -- Ignore unavailable to you. Want to Upgrade?

To: Tokyo VD who wrote (438)	3/5/1999 3:20:00 PM
From: Wizard	Read Replies (2) \| Respond to of 600

>>Chuck picked up his DCTM coverage @$24 on July 15, 1996, with an outperform when the company was on a $45 million and $0.33 run-rate. Let me clarify. He inititated coverage with a NEUTRAL rating when the stock was in the $30's or low $40's as I remember and upgraded the stock to OUTPERFORM when it dropped to $24 and has kept it on OUTPERFORM ever since. Since then it has traded as high as $59 until the last 6 months when it tanked. Overall, Chuck could have downgraded it and he didn't so he missed the recent collapse. -1 pt for Chuck. Right now, DCTM is in a strange place. If it blows up this quarter or next, you could have the classic self-fulfilling spiral as key sales reps leave due to the fact that the stock has tanked and they want to go to some hot start-up where they can get a ton of options and try again. OR the company could regain its footing and be a great value here. I hope DCTM recovers and you make a killing, I will lose nothing if DCTM goes back to $60. I will just have to be happy with my YHOO and AMZN for now.