BUSINESSWEEK ONLINE : AUGUST 28, 2000 ISSUE
BUSINESSWEEK INVESTOR -- INSIDE WALL STREET Clocking in with Kronos Kronos' software helps keep track of the workplace Productivity--that's the appeal of Kronos (KRON) to some pros. It makes data-collection systems using PCs and client servers that enhance productivity in the workplace. One of its products helps reduce payroll-preparation time, improve labor scheduling, and control wage costs. ''Kronos is the recognized leader in time-and-attendance and labor-productivity hardware and software, with a 50% market share,'' says Jeff Hershey of Awad Asset Management. Part of new growth will come from Web-enabled versions of its products, adds Hershey. Joseph Arsenio, a tech analyst at Chase H&Q, says enterprise and Web products for Kronos' markets are gaining momentum. And he likes Kronos' ''outstanding balance sheet,'' with $40.3 million in cash and investments, no long-term debt, and positive cash flow. In the year ending Sept. 30, 2000, he expects earnings of $1.05 a share on revenues of $271 million. In 2001, he foresees $1.26 on $312 million. The stock has yet to recover from its March tumble--from 65 to 33, where it remains. At this price, says Arsenio, ''Kronos is a logical takeover candidate for larger enterprise software companies seeking to dominate the time-and-attendance market.'' By GENE G. MARCIAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS Clocking in with Kronos CHART: A Steep Tumble INTERACT E-Mail to Business Week Online

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