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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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