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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: Jenna who wrote (34265)	4/15/1999 11:27:00 PM
From: ronco	Respond to of 120523

Jenna, picked up PQT and JBOH last month for good profits. Now comes time to work with it. I put most into INFO today, do you have any thoughts on the company and/or prospects for its' future? Thanks, Dave

To: Jenna who wrote (34265)	4/16/1999 12:01:00 AM
From: DO$Kapital	Respond to of 120523

Are you holding your RMII?

To: Jenna who wrote (34265)	4/16/1999 9:57:00 AM
From: kha vu	Read Replies (2) \| Respond to of 120523

Software review: BANCBOSTON ROBERTSON STEPHENS Marshall Senk - 415-693-3442 The Weekly Software Report, Volume 2, #14 As we look ahead to next week, the kick-off of our quarterly earnings season, we expect our companies to show the typical seasonal patterns of the first quarter as managements begin to navigate the challenging road of 1999. While we are not expecting any huge blow outs, we do expect to see solid results from most of our companies, particularly our Buy-rated names. As we analyze the early disappointments we€ve seen in the sector, we see several consistent themes, primary among them is poor sales force execution. The fourth quarter brought aggressive hiring and management expansion at many companies (particularly IONA and Software AG) which, we believe, hurt visibility for Q1. We look for all of our remaining names to publish results in line or slightly better than expectations which could help pull our stocks out of their recent doldrums. Looking ahead to the rest of 1999, we continue to believe that we are in the very early stages of the most significant platform shift in the history of corporate computing. Our discussions with IT professionals have convinced us that businesses are accelerating spending around new web systems in order to best exploit the benefits that the Internet introduces. Notably, since budgets are not a zero sum game, this spending is crowding out dollars from more traditional application areas (back office) and more traditional computing architectures including mainframe and client/server. We believe that this platform shift is the primary driver of earnings disappointments in the enterprise sector € and the primary driver of upside for our emerging companies. We continue to believe that Y2K is not much more than a scapegoat for poor execution and missed product transitions to the Web and attribute much of the budgetary uncertainty we hear from companies to increased Internet spending and general execution miscues. Accordingly, our top picks remain those companies on our list who benefit most directly from the growth in the Internet including: Broadvision, Intraware, Microsoft, and TSI International. First, we continue to view Broadvision as the leader in the emerging market for Internet applications software enabling true commerce via the Web. We believe that the company delivered a fine quarter and continues to benefit from its relationship with SONE, building its financial services practice. Second, Intraware reported its February quarter results on March 30, beating expectations on both the top and bottom lines. We continue to view this provider of Web-based services for complete software life cycle management as a unique and powerful play € which can significantly lower software maintenance costs for corporate customers and improve margins for software vendors. We look for new partnership announcements to drive the stock in the coming quarters. Third, we view the aggressive penetration of the enterprise market through an increasingly attractive licensing model as the real story driving revenue and EPS growth at Microsoft. Microsoft has unprecedented channel and customer lock-in, which we believe are the legitimate advantages that accrue to the provider of leading business and consumer software platforms. As such, we reiterate our Buy rating. Our price target for MSFT is $100. Finally, we look for another strong quarter from TSI as the company focuses its efforts on integrating Braid Group into the company following the March acquisition. We believe that significant synergies beyond what we have modeled should begin to show up in the next few quarters, particularly in European operations. Additionally, we look for strong growth this quarter outside the company€s SAP business (which we believe was also very healthy) enabling the company to build a stronger foothold in the electronic commerce space. Additionally, we believe that recent weakness in both Oracle and Pervasive could present a significant investment opportunity as both companies stand to benefit significantly from growing demand for database technology to manage the explosion in on-line applications. We believe that both companies are disproportionately benefiting from the shift to the Internet and are emerging as leaders € Oracle at the high end and midrange and Pervasive in the small business segment. We believe that investors are likely to look through strong quarters from Compuware and BMC Software as concerns about both Y2K and platform transitions dominate investor thinking. Although we expect strong quarters from both companies, we believe that the stocks could continue to languish as investors wait for clear signs that both businesses have made it past the pitfalls of 1999. We believe that the time to revisit these names will likely be over the summer when we have a more clear picture of demand in 2000 (which we expect to accelerate from current levels) and have enough visibility into the balance of this year to mitigate business risk. Company Price 1 Wk % 1999 52-Wk Chg. frm BRS Name Ticker 4/15 Chg. YTD High 52 wk Target high Price to 4/15 Software AG Systems AGS 6.75 -0.9% -62.8% 33.00 -79.5% $12 BEA Systems BEAS 16.06 -2.7% 31.1% 27.87 -42.4% $15 BMC Software BMCS 37.56 5.4% -15.7% 60.25 -37.7% $55 Brio Tech BRYO 15.50 -3.1% -12.4% 19.06 -18.7% $19 BroadVision BVSN 51.38 -1.3% 60.5% 72.37 -29.0% $60 Comp Assoc CA 35.94 -2.5% -15.7% 61.93 -42.0% $60 Compuware CPWR 20.44 7.6% -47.7% 40.00 -48.9% $45 Forte Sft FRTE 4.63 -15.9% -21.3% 9.50 -51.3% $5 Genesys Labs GCTI 15.88 32.3% -28.7% 38.25 -58.5% $45 Hyper Sols HYSL 12.44 3.6% -30.9% 50.75 -75.5% $20 Info Advtg IACO 6.00 10.3% -20.7% 14.25 -57.9% $15 Informix IFMX 7.81 10.6% -20.9% 14.00 -44.2% $7 Intraware ITRA 40.44 -6.3% 152.7% 44.38 -8.9% $55 IONA Techs IONA 18.94 38.4% -50.2% 50.75 -62.7% $25 Mobius MOBI 14.13 -15.7% -5.0% 24.43 -42.2% $19 Microsoft MSFT 88.88 -6.0% 28.2% 95.62 -7.1% $100 Oracle ORCL 24.88 6.7% -13.5% 41.18 -39.6% $35 Pervasive PVSW 17.88 22.2% -7.1% 22.25 -19.7% $22 Sybase SYBS 9.06 30.6% 22.4% 11.62 -22.0% $10 TSI Intl TSFW 19.50 -19.2% -18.5% 32.00 -39.1% $30 Unless otherwise noted, prices are as of close April 15, 1999. Copyright * 1999 BancBoston Robertson Stephens Inc.