Increase investment in Attunity
When I added Attunity (Nasdaq: ATTU) to my portfolio in August 2004, I thought I had scored a bulls-eye by buying at a rock-bottom share price of $2.12. In the stock market, however, shares can always go lower than you think, and Attunity fell 14% below that price. They say that a fund that fell apart had to unload hundreds of thousands of shares, and shares may also have been sold in order to offset a tax liability, because the fund bought its shares at $2.75, and a large loss will be recognized for tax purposes.
I’m waiting patiently until the new team that has been managing Attunity for the past two years, headed by chairman Shimon Alon and CEO Itzhak (Aki) Ratner, duplicates its magical achievements at Precise Systems. I believe that with a good management team, good technology, and a market for the company’s products, results will materialize sooner or later. Even if they only achieve a quarter of their success with Precise, my return will be in the hundreds of percent.
Two things on Attunity’s current agenda lead me to increase by investment in the share, although I have no information that anything specific is about to occur, nor have I spoken recently with anyone at the company. A new agreement with Oracle (Nasdaq: ORCL) (Attunity’s partner dating to the dark days of former CEO Arie Gonen), to be signed soon, is the first positive development I’ve waiting a long time for. Now it’s here. Experts who attended Oracle week in the US several weeks ago said one word integration and that’s what little Attunity does, and that’s what it can contribute to Oracle’s software.
Published by Globes [online] - www.globes.co.il - on November 29, 2005 http://www.globes.co.il/serveen//globes/docView.asp?did=1000034070&fid=1176