ANSTHRLD - Mourning a (paper) loss
Timothy A. McDaniel
tmcd at jump.net
Wed Jan 5 11:32:23 PST 2000
http://cnnfn.com/2000/01/05/technology/wires/bmc_wg/ is an article
about BMC, who has as employees Star and Bordure (and a few other
employees of lesser interest, I suppose):
HOUSTON (Reuters) - Business software maker BMC Software
Inc. Wednesday forecast disappointing fiscal third-quarter
earnings, touching off a sharp sell-off in its stock.
The company said its earnings would fall short of Wall Street
expectations because of weakness in the North American market.
The Houston-based company said it expects earnings of $100
million to $110 million, or 40 to 44 cents per diluted share.
Analysts had expected 53 cents a share for the quarter, ended
Dec. 31. BMC expects to report third-quarter results on Jan. 25.
[That's an earnings drop of 17% to 25%.]
BMC's earnings warning sparked a wave of selling in its
The stock's 52-week high was 84 1/16, and it closed yesterday at 77.
It's currently at 49 3/4, down 27 1/4 (35%) from yesterday, and down
34 5/16 (41%) from its 52-week high. With 242,351,000 shares
outstanding, it's a $6.6 billion loss of market value.
Mari, Francois, if you have stock or options, my sympathies.
Daniel de Lincolia
Tim McDaniel is tmcd at jump.net; if that fail,
tmcd at us.ibm.com is my work account.
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