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Technology Stocks : Iona (IONA) -- Ignore unavailable to you. Want to Upgrade?

To: Captain James T. Kirk who wrote (390)	4/1/1999 3:30:00 PM
From: John Ritter	Respond to of 491

I am concerned that BEAS just jumped 11% is it possible that they got one or more of IONA's expected contracts? Or is this an unrelated event, seems strange the timing. Anyway I am happy with BEAS again, don't really know whether these two companies compete. Does anyone out there have any information to help us evaluate the magnitude of the problem with IONA. This is a very deep drop, and although the drift down after what we now know was the first bottom with IONA, the second bottom is usually the buying opportunity and I try to avoid taking a position until the second bottom in these earnings sensitive small cap stocks like IONA. My hope is this is the typical drop in earnings due to this and that which is hitting a number of stocks in recent weeks. If so we could be back next quarter and I am willing to hold this position if there are no deeper problems.