BlueStone Capital Announces Investment Opinion on Ross Systems.NEW YORK--(BUSINESS WIRE)--April 6, 1999-- BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital Lowers FY1999 + FY2000 Estimates and Reiterates Strong Buy Recommendation Senior Analyst, Steven Jaworski at BlueStone Capital Partners, L.P. lowers his FY1999 + FY2000 estimates on Ross Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ROSS - $2 1/8) while reiterating a STRONG BUY recommendation. Analyst Summary - Management hosted a conference call yesterday to announce that Q3 revenues and operating results would be less than it had previously forecasted. A handful of expected deals did not close. While the company could not quantify the shortfall at the time of the call, it was able to point to North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. as the weak link. - We are revising our Q3 estimates downward to a loss of $0.02 from a gain of $0.09. Further revisions are possible after the company's Q3 conference call on April 22. - While near term results will likely be affected by the slowdown in IT spending caused by Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 , we expect the overall mid-tier market enterprise systems market to grow 30% into the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. BlueStone Capital Partners, L.P. is a full service investment banking and brokerage firm that delivers financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to emerging growth and medium sized companies worldwide. BlueStone Capital assists Clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients' strategic, operating and financial goals. |
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