This should be very interesting today. Actuate managment is on the hook to do $140m in revenue in 2008 per their forecast. That means about $76m in Q3 and Q4. The analysts don't believe this and have the estimates in at around $133m.
I think they need to do $35m this quarter. The stock is so beat down from fear and redemptions that if they do $35m this quarter and still hold to the $140m for the year or close to it, it should start the major trend up.
It is amazing how beat down Oracle and SAP are now. Oracle PEG is around .75. We need the big boys to stabilize and start going up.