The stock's been trading in a range of 10 to 12. We're at 13 as a one-year target, at the upper end of the range. I think the stock, in a flat market, would want to trade up a bit.
More Quotes from Jim Mendelson:
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Right now, the primary driver of demand in the software sector as a whole is clearly that everybody's trying to build out an e-business infrastructure and to leverage the Internet as a basis for doing business. Today, we see a lot of momentum and strength in the companies providing the core building blocks from a technology perspective in supporting this e-business infrastructure.
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These two stocks have been under pressure this year because of questions about how relevant they are to the boom in e-business.
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Initially, we will work together to leverage the well-established brand of the Arthur Hills organization to further strengthen GE's position in the golf market place. Today we will work with seasoned ownersoperators who seek to acquire and refinance golf courses. We also see many future possibilities, such as financing member-owned clubs.
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