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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: geewiz who wrote (54770)	4/6/1999 10:06:00 AM
From: Knighty Tin	Respond to of 132070

Art, the enterprise software companies have stumbled partially due to weak demand for computers at businesses, partially due to earnings declines at American businesses, which impacts buying of fluff, and partially due to spending of what resources there are on Y2K. No matter what software cos. say, it is new machine purchases that spur their sales. It is definitely the non-computer apps that are leading the cos. you mentioned. I expect those to be a disaster, too, but right now, they are being seen as a boon by the herd. Whether or not the truth comes out by June expiration is out of my bailiwick. I suspect it will, but I use the 90/10 just in case it doesn't. I definitely want to be there in these overpriced turkeys for the downside.

To: geewiz who wrote (54770)	4/6/1999 10:31:00 AM
From: RealMuLan	Respond to of 132070

This is from Stree.com 4/5 For private use only: << Softness in Software Darkens a Bright Day in Tech By David Shabelman Staff Reporter 4/5/99 5:16 PM ET SAN FRANCISCO -- While the Nasdaq was setting a new record and Internet stocks and chipmakers were on a rampage, a number of software companies were hit hard. Software companies have suffered through a string of earnings warnings, signaling a major shift in corporate spending. Though most analysts say the money is being funneled toward fixing year 2000 bugs, others say the problem runs deeper. Software developer Aspect Development (ASDV:Nasdaq), software designer Aspen Technology (AZPN:Nasdaq) and Axent Technologies (AXNT:Nasdaq) all warned of earnings shortfalls. These reports followed recent earnings warnings from Documentum (DCTM:Nasdaq) and PeopleSoft(PSFT:Nasdaq). "When you start to see companies like Axent and Documentum, which have executed flawlessly in the past and have good management teams, preannounce, it's probably Y2K-related," says David Hilal, analyst at Friedman Billings Ramsey, adding that software companies may continue to have a hard time for the rest of the year. But some analysts say the problem with many of the software companies is even bigger than Y2K. "It's also the products," says George Gilbert, an analyst at Credit Suisse First Boston who believes many enterprise software companies are undergoing transitions. "The Web has grown faster than expected." Gilbert says software companies are scrambling to move to Web-enabled and front-office applications that deal with customers. "They've shifted all their resources to deal with the Web and customers, but they haven't proven [the products] to customers," he says. Aspect Development closed down 14 15/32, or 65%, at 7 15/16. Aspen Technology closed down 3 5/16, or 25%, at 9 15/16, and Axent Technologies closed down 11 15/16, or 60%, at 8 1/16. >>