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Explosive Earnings Blew Ashton Tate Higher.(THE SMART INVESTOR)(WINNING WAYS)
Byline: KEN HOOVER
Ashton Tate was founded in 1980 to sell one of the early and most popular software programs for the fledgling personal computer, dBase.
DBase was an early database that went through several versions. The Culver City, Calif., company kept improving on it while it developed popular business software.
The company had the bad luck to go public in December 1983, just as the stock market was slumping in the aftermath of the fabulous 1982 bull market. 1983 was Ashton's first profitable year. But the stock headed south along with the market.
It worked its way back near its IPO price of 12, then was ready to start its big move.
It set up in a 13-week base that corrected 26%. It wasn't a classic cup-with-handle base, but the shakeout near the end of the base (1) served the purpose of a handle: to scare out the last of the weak holders.
Ashton Tate was a fast grower. In the four quarters before its stock broke out, earnings rose 29%, 70%, 1,150% and 429%. The last two quarters compared with negative year-ago numbers. Sales rose 115%, 101%, 114% and 43%. The five-year growth rate was 173%.
- Ashton-Tate launches 'ATTAIN,' a nationwide customer training network....
- Press release article from: PR Newswire January 8, 1990 700+ words
ASHTON-TATE LAUNCHES 'ATTAIN,' A NATIONWIDE...Calif., Jan. 8 /PRNewswire/ -- Ashton-Tate Corp. (NASDAQ: TATE) today announced...formation of A.T.T.A.I.N., the Ashton-Tate Training Association Information Network...
- Ashton-Tate Corp. announces management realignment.
- Press release article from: PR Newswire April 30, 1990 700+ words
ASHTON-TATE ANNOUNCES MANAGEMENT REALIGNMENT TORRANCE...Calif., April 30 /PRNewswire/ -- Ashton-Tate Corp. (NASDAQ: TATE) today announced...vice president and general manager of Ashton-Tate's applications group. Edward M...
- Ashton-Tate announces a new corporate upgrade program for users of dBASE III...
- Press release article from: PR Newswire March 19, 1986 700+ words
...Calif., March 19 /PRNewswire/ -- Ashton-Tate (NASDAQ-NMS: TATE), the world...for the new products to be delivered. Ashton-Tate now allows corporations 12 months from...upgrades, they first must register with Ashton-Tate the products to be upgraded. To make...
- Ashton-Tate announces the Ashton-Tate Graphics Service and Master Graphics...
- Press release article from: PR Newswire December 8, 1987 700+ words
ASHTON-TATE ANNOUNCES THE ASHTON-TATE GRAPHICS SERVICE AND MASTER GRAPHICS EXPRESS /REPEATING...GRAPHICS EXPRESS TORRANCE, Calif., Dec. 8 /PRNewswire/ -- Ashton Tate Corporation (NASDAQ: TATE) today announced the Ashton...
- Ashton-Tate active at Comdex/Fall; new products, promotions and dBase...
- Press release article from: PR Newswire November 7, 1989 700+ words
ASHTON-TATE ACTIVE AT COMDEX/FALL; NEW PRODUCTS...Calif., Nov. 7 /PRNewswire/ -- Ashton-Tate Corp. (NASDAQ: TATE) will highlight...customers to see all that's new at Ashton-Tate," said Edward M. Esber Jr., Ashton...
- Ashton-Tate announces technology agreement with Interbase Software Corporation.
- Press release article from: PR Newswire April 11, 1988 700+ words
ASHTON-TATE ANNOUNCES TECHNOLOGY AGREEMENT WITH...Calif., April 11 /PRNewswire/ -- Ashton-Tate Corporation (NASDAQ: TATE) today...Corporation. Under the agreement, Ashton-Tate has licensed Interbase technology...
- Ashton-Tate reports first-quarter results.
- Press release article from: PR Newswire April 18, 1990 700+ words
ASHTON-TATE REPORTS FIRST QUARTER RESULTS TORRANCE, Calif., April 18 /PRNewswire/ -- Ashton-Tate Corp. (NASDAQ: TATE) today reported...shipment," said Edward M. Esber Jr., Ashton-Tate's chairman and chief executive officer...
- Ashton-Tate announces personnel reduction plans for the former MultiMate...
- Press release article from: PR Newswire February 20, 1986 700+ words
...20 /PRNewswire/ -- Officials of Ashton-Tate (NASDAQ-NMS: TATE) and the former...which MultiMate will be integrated into Ashton-Tate. The plan, announced to MultiMate...s sales force immediately joined the Ashton-Tate sales staff following completion of...