Bill the stock was moving before the announcement of a 3:2 split. Why?
Well lets see. My bet is primarily the effect of Oracle 8i and DB2
integration with the MapInfo internet model, MapXtream. Given that both
database systems are moving towards JAVA designs, it makes MapInfo suddenly
a very good alternative to ESRI that gambled on Microsoft's vision. I
think Linux growth also may have a secondary effect here as well. You may
not need NT at all and MapInfo's internet technology apparently works well
on Linux. And we know JAVA works on SUN machines. And to quote Andy:
"MapInfo Professional, MapX and MapXtreme/Java are all now using
NATIVE Oracle8i Spatial connectivity (via Oracle Call Interface = OCI). In
MapInfo Professional we provide both a "download" as well as a "live
access" model supporting multi-user concurrency and transactional
insert/update/delete functionality at record-level !"
Another issue that tends to drive stock upwards is plain old success.
MapInfo since John Cavalier's taking over of the company has had nothing
but good news. Most stock value growth in the near past was directly in
step to their PE ratio. As gross sales went up quater after quarter the
stock value moved as well. And the MAPS PEs never got really out of wack.
The most recent change in stock value, I believe, is suddenly MapInfo is
seen as a $100 million corporation with very important "internet"
technology. It is the only GIS software stock that has good fundamentals
as well as the preceived "killer" technology. The alternatives, like
AutoCAD and Intergraphic are doing relatively poorly. And ESRI is not a
public corporation. (Better yet ESRI is seen as absorbed by the "Borg"
having aligned their newest offering, ArchaicInfo 8.0 to Micorsoft's NT,
SQL Server, and Visual Basic.)
Lastly, the stock "float" (stock available for trade) is not really all
that large as compared to the emerging daily volume of 60,000 and more
shares. It seems that once a small stock hits the daily trading value of a
million bucks, suddenly alot of traders (who typically know little about
GIS) take interest.
I see the stock split as a very prudent and smart move to increase the
necessary float to build volume and give all of the earily MapInfo
"bleeders' something tangible in liew of a dividend. Very smart and
essentially unexpected. You too can get the bonus if you move quickly.
MidNight Mapper
aka Neil
Bill Thoen wrote:
> Probably has something to do with the stock split. See Recent
> Industry Press release, "MapInfo Announces Three-For-Two Stock Split" at
> http://www.directionsmag.com/.
>
> - Bill Thoen
>
> > Dan Munson wrote:
> >
> > Does anyone have any idea why MapInfo is up 50% in 2 wks?
> >
> > Any rumors?
> >
> > Dan
> >
> > Dan Munson
> > VP Sales & Marketing
> > CDS Business Mapping
> > 800-746-7797
> > Mapping for the Next Millennium(TM)
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