PVTL

As we indicated last evening we have made changes in the high-growth portfolio as follows: We sold 1000 shares of Pivotal (PVTL) at the opening price this morning of $14.20. This raised $14,200 of cash. We bought 500 shares of Pure Storage-again at the opening price this morning of $13.17. This cost $6600. And we…

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It was announced after the close of the market that VMWare is in negotiations to acquire Pivotal’s public shares at a price of $15. In response to the announcement, Pivotal shares are now trading around at $14, up almost 70% from where the shares had been trading before the announcement. The transaction is probably getting…

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Cloudera For just a day, Cloudera shares responded positively to positive news. The company announced what is almost certainly a multi-million dollar order form Mizuho Americas.  I am not too sure when the order was actually committed-although the press release talks about implementation and the solution was developed in conjunction with a leading technology research…

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Yesterday, several companies reported their results in the IT space including Pivotal, not a constituent in our high-growth portfolio but a name on which we have written favorably, and Guidewire and Salesforce, neither of them currently held or recommended. All of the companies beat their expectations for the quarter in terms of both revenues and…

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Atlassian held its analyst day last week which was organized around it US user conference in Las Vegas. As most such gatherings, this one featured commentary about products, technology and the state of the market. Atlassian is scheduled to report its results next week, and I do not believe that the analyst meeting, long planned,…

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There is an old expression to the effect that “sometimes the bear eats you and sometimes you eat the bear.” The saying apparently was first used in 1870 in a slightly different form by the transcendentalist poet, Ralph Waldo Emerson. There are times when it becomes an appropriate metaphor for describing share price action after-hours.…

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PVI do not often write previews of quarterly results-mainly because without some kind of informational advantage, which is very difficult to come by these days, much of the preview is pure guess work or simply a reprise of guidance. I spent more than a couple of decades attempting to preview quarters for institutions with some…

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I imagine that all of our subscribers are aware that the Fed chose to raise rates this afternoon. That decision had been anticipated by most market participants. The Fed statement, however, was considered to be more aggressive with regards to the likelihood of future rate hikes than might have been hoped. The Fed also continued…

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Pivotal-Back from growth rate purgatory! Pivotal reported the results of its fiscal Q3 results earlier this week. The results were a beat and raise quarter but something happened on the way to a happy denouement for the share price. Depending on one’s point of view, that is either a frustration or an opportunity. I do…

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We are making a change in our high-growth portfolio effective at market close on 12/13. We are selling our position in Ubiquiti-228 shares at this evening’s closing price of $110.46. That will raise cash of about $25,200. We bought Ubiquiti shares a bit more than a year ago at a price of $63 so we…

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