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

To: Snowshoe who wrote (455)	3/18/1999 8:01:00 PM
From: kha vu	Read Replies (1) \| Respond to of 600

news at: cbs.marketwatch.com

To: Snowshoe who wrote (455)	3/22/1999 1:42:00 PM
From: Michael Watkins	Respond to of 600

Documentum is on sale today. Is anyone following options on this one? RESEARCH ALERT - Documentum downgraded NEW YORK, March 22 (Reuters) - CS First Boston said analysts George Gilbert and Brent Thill lowered their rating on Documentum Inc. (Nasdaq:DCTM - news) to a hold from a buy. -- Analysts say main reason for downgrade is the departure of Paul Hoffman, vice president of sales at the Internet and client/server software company. -- Documentum confirmed that Hoffman was leaving the company, effective April 1, but did not say where he was going to work next. -- Analysts say: ''This departure potentially introduces additional uncertainty with respect to quickly completing the business transition to packaged applications.'' -- Says: ''A new product cycle for the database is beginning and the early applications are just beginning to roll-out. This comes at the same time as the market is forcing the sales force to be more effective in delivering application-specific message based on customer ROI.'' -- Analysts say they have confidence in the company's quarter, but noted hesitancy about making large commitments. "We would be more comfortable without any disruption in sales force leadership in this environment. -- Says: "We remain believers in the long-term story and recognize that the shares are trading at their lowest valuation since the IPO. However, this added element of uncertainty makes us more comfortable staying on the sidelines until we see more traction with the new applications. -- Share price was down three points to 16-1/4 on the Nasdaq stock market.

To: Snowshoe who wrote (455)	3/22/1999 1:50:00 PM
From: Michael Watkins	Respond to of 600

While we are checking the news... Pleasanton, Calif.-Based Firm to Offer Data-Retrieval Software Mar. 17 (Contra Costa Times/KRTBN)--PLEASANTON, Calif.--An East Bay company's crusade to help Corporate America manage piles of raw knowledge and reduce paperwork is about to march into the Internet. Documentum Inc. on Tuesday unveiled plans to sell software that can help people go online to vacuum up data nuggets from electronic warehouses. The software can meld information scoured from the Net and a company's files. The combination, Documentum believes, can help workers develop, market and sell new products. "This is knowledge software to foster innovation and do all of this on the Internet," said Larry Warnock, vice president of marketing with Pleasanton-based Documentum. "We want to help creative people at a company in the process of collecting knowledge before and after that incredible thing we call insight." Here's how a company could use the software. Let's say a salesperson is getting ready for a meeting. The employee could use the program to summon information about the product or service that's being offered, obtain background information on a prospective customer, review competitive products, and gain intelligence about the state of the client's industry. Documentum figures its new Internet-based products can be used to help people organize information more efficiently. "People have great ideas," Warnock said. "But they can't always do something with these ideas to turn them into products, to turn them into opportunities." The new initiative could help Documentum harvest some fertile fields, said Greg Vogel, analyst with NationsBanc Montgomery Securities, a San Francisco investment firm. "This could drive pretty significant growth for Documentum starting in the second half of this year, and long-term," Vogel said. "The initiative really expands the market for Documentum." It also expands the number of sites from which people could collaborate on a product at the same time. "If you have people in Chicago and people in the Bay Area working on a project, they could do it on the Internet," Vogel said. Plus, using the Net could be less expensive for corporations. Documentum revealed three software products. One would help employees work more efficiently to create a new product, a second would assist in the efforts to market and sell the product, and a third would help companies cope with government regulations that affect the new product. Documentum has already landed some customers for the software, Warnock said. The initiatives come at a time when Documentum's financial results are surging and employment is booming. The 630-employee company could hire another 200 to 300 employees this year and it is preparing to move to a much larger headquarters complex in Pleasanton. The primary dark cloud that could dull the company's outlook is uncertainty over the Year 2000 computer glitch. In general, the bug may cause some technology customers to spend more on fixing their Y2K problems and less on software produced by Documentum. Despite that, the prognosis is more than decent for the company, according to analyst Vogel. "We're pretty confident about Documentum's prospects," Vogel said. By George Avalos -0- Visit HotCoco, the World Wide Web site of the Contra Costa Times, at hotcoco.com