Sorry I have been quiet. I have been busy selling most of my holdings in Lawson. I am still holding a few shares in case they get a new management team to give it another try.

To weigh in on some of the posts.

Is Lawson overvalued or not? Way!overvalued is the answer. I just waited to get close to $7 for my shares before these guys head back to the $3’s. The management team has used an endless number of one-time charge and non-gaap gimmics to best dress up the p&L which is still the worst in the industry by far. They also depleted a very strong net cash positions to a risky one through inept management and bad decisions. The p/e ratio also suggest that this stock is very over priced.

Larry in Minneapolis?
Larry would only be in Minneapolis for sporting events like Monday Night Football and visits with important key customers like Target and United Healthcare. Buy Lawson?, at this stage you got to be kidding. Oracle has been slowing poaching whatever customers or people that they wanted from Lawson for some time. Lawson’s software sales are a rounding error to even Oracle’s petty cash account. Besides, for every feature Lawson has in its limited offering, Oracle has several versions of each feature that are more powerful and built on a better platform. Lawson had a chance but has become an unknown, irrelevant company in the technology world. Frankly, the only people who know Lawson is still in business are employees, and the remaining customers who are stuck with software from a dying company.

Ibm?
Would IBM buy Lawson? Many of the same reasons apply. Lawson has nothing that would be of value to IBM even at a price of zero. Funny fantasy thoughts for investors underwater I guess.