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   Technology StocksManhattan Associates, Inc. (MANH)


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To: Jin Chun who wrote (6)4/23/1998 8:14:00 PM
From: William F. Wager, Jr.
   of 19
 
Close 21 7/8...I'm watching and waiting.

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To: Jin Chun who wrote (6)4/23/1998 8:21:00 PM
From: fred douglas liebling
   of 19
 
Just try to imagine how well this ipo would have done last week when manu and sap soared into the great beyond; whereas today they had their debut in the ashes of a suddenly fallen sector! Even with the great article in Barrons, this one fell off the radar screens, and therefore I think those of us who bought today are gonna be real happy a few weeks, or even days,from now when the buy recommendations come out! This one's gonna fly with the rest....I just don't think a big bump like today is gonna derail this sector; earnings are still very real and very amazing. Certain momentum players run in and out but the EARNINGS of companies like PSFT, SAPHY, MANU, are real and their high PE's are the premium. good luck, fred

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To: fred douglas liebling who wrote (8)4/25/1998 8:29:00 AM
From: rmagrino
   of 19
 
I got in at the close of the first day (better than buying at the opening!). With real earnings, this one has a good chance to go much higher in the short term.

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To: rmagrino who wrote (9)4/28/1998 6:40:00 PM
From: Feraldo
   of 19
 
Real earnings are right. I am downright impressed. I won't buy IPO's though. I give them two weeks, then I'll buy if they stay in this general trading area or thereabouts. Jeanne mentioned CLYS (the competition). Well I sold CLYS and I am reserving that money to buy MANH, because of the valuation she forced me to do between the two. CLYS obviously does not have the stuff.

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To: rmagrino who wrote (9)5/6/1998 5:33:00 PM
From: Les H
   of 19
 
The 5- and 10-day intraday charts indicate the on-balance-volume is rising. So, it appears the stock is being accumulated. If we have a correction and this one holds up, it may be a good stock for the next bull run. Another good sign is there were only 10 posts on this thread.

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To: Les H who wrote (11)5/7/1998 3:00:00 PM
From: Robert Scott
   of 19
 
Down 2 today - perhaps earnings aren't as good as we thought - not a good sign.

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To: Robert Scott who wrote (12)5/8/1998 10:22:00 PM
From: Carl van Rooyen
   of 19
 
Major increase in 1Q revenue is great news... IMO the -.02 is not a big deal and today's activity reflects that. My broker thinks a lot of traders sold off just prior to earnings release without any real clue of what to expect. I'm chewing on a little more margin than usual for me, and was just a tad nervous watching all the sells yesterday.
Positive thoughts...This week I spoke with the CFO, Mike Casey, and he seems very sharp, and candid. He has been with two other major software companies, and I believe him when he says he is in this one for the long haul.
BTW, the company told me earlier this week to expect the earnings release at 4:30 pm on 5/7/98. This may seem like a trivial point, but the wire lists the release promptly at 16:30. That sort of attention to detail, however seemingly insignificant, has always impressed me.

I am optimistic about seeing one or two buy recommendations in the very near future.
Good luck to all longs. Shorts begone.

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To: DD™ who wrote ()5/11/1998 6:59:00 PM
From: Sam Pantel
   of 19
 
The problem with this company is that it is way overpriced. Bases on Price/Sales and Price/Earnings. Maybe around $15 it seems reasonable which is where it is headed if this correction continues. Would be a good time to buy.

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To: Sam Pantel who wrote (14)3/3/1999 5:16:00 PM
From: hoyasaxa
   of 19
 
So, what do you think now???(eom)

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To: hoyasaxa who wrote (15)3/3/1999 10:42:00 PM
From: CoffeePot
   of 19
 
With any luck get ready for a great buying opportunity tomorrow. I think margin calls played a significant role in today's melt down....-43% in a single stock is a heck of a hit to take even for a well diversified portfolio.....regardless I still think MANH will see brighter days ahead.

Some key points:

Analysts' cut earnings,
-- Cut estimate of the current quarter to $0.08 a share from $0.10 a share.
>>>>This might not be great but it's not terrible either

-- Noted that he believes the company will be successful in winning larger deals, and that the potential shortfall is a timing issue and not one reflective of underlying company fundamentals.


A look at last Quarter

Revenue for the fourth quarter ended December 31, 1998 was $20.0 million, an increase of 109% from revenue of $9.6 million for the fourth quarter ended December 31, 1997. License fees for the fourth quarter ended December 31, 1998 were $4.9 million, an increase of 165% over license fees of $1.9 million for the fourth quarter of the prior year. Net income for the fourth quarter ended December 31, 1998 was $2.4 million, an increase of 112%, compared to pro forma net income of $1.1 million for the fourth quarter ended December 31, 1997. Net income per share was $0.09 for the fourth quarter ended December 31, 1998 compared to pro forma net income per share of $0.05 for the fourth quarter ended December 31, 1997.

For the year ended December 31, 1998, revenue was $62.1 million, an increase of 91% from revenue of $32.5 million for the year ended
December 31, 1997. Pro forma net income for the year ended December 31, 1998, excluding the effect of the first quarter acquired research
and development charge of $1.6 million, was $7.7 million, or $0.30 per share, compared to pro forma net income of $5.3 million, or $0.25
per share, for the year ended December 31, 1997.

During the fourth quarter the Company significantly grew its sales management and sales team, expanded its business in the U.K. and
expanded its product line. Specifically, during the fourth quarter the Company invested substantially in new product development. In
particular, the Company invested in a Third Party Logistics billing product and an Engineered Labor Standards product and made significant
progress in the development of three new products: the Internet Transportation Guide, an integrated version of Slot-It for windows and the
Optimization suite of products. In conjunction with the development of these products the Company capitalized approximately $600,000 of
research & development expenses in the fourth quarter. Those capitalized costs will be amortized over the life of these products, which is
expected to be three years.

''The growth of our license fees in the fourth quarter reflects the expanding opportunity in our market,'' said Alan Dabbiere, Manhattan
Associates' President and CEO. ''We feel confident that the investments that we have made in new product development and the expansion of our sales organization will enable us to meet the growing demand for our products. Furthermore, the new products that we have
introduced, and products that we have under development, further differentiate Manhattan Associates in the marketplace.''

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