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Applix Inc. produces Applixware, Unix based applications for the Internet, real-time decision support. It has major contracts, including Sun Microsystems, which is a tremendous endorsement for their technology. Its revenues continue to grow rapidly. It recently reported 4th quarter operating earnings were 33 cents a share, compared with 9 cents in the same quarter of 1995. For the full year of 1995, Applix reported earnings of 67 cents share, versus 20 cents last year. The company recently purchased Target System Corp., which develops support automation software and will enable Applix to add Internet-related software applications with customer-interaction capabilities. The company is followed by Soundview, Needham, and Cowen companies, all three analysts have strong buy recommendations, and feel that Target System should provide additional revenues. Needam's analyst Barr also pointed substantial growth in licensing revenues, which is a positive sign for Applix's future prospects. The company has very high margins on its Unix-based application products, and is already quite profitable. Very shortly it will be deploying their products through the Internet, and at the present moment, is developing products related to the Java programming language. Applix's products are the only one to provide a complete application suite (integrated spreadsheet with real-time extensions, word processing, data query tools, and a rich email client). The stock technically established a strong support in the 35-37 area, and after a brief pause, which is probably over, is poised to advance into the 41 area. For additional references, go to their web page. It's a little gem that has a long way to go. | ||||||||||||||
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