CPTV

[setravis]

One that has had a nice run from $10 to $20
A clear dip (pullback) in price, looks to be a nice entry point.
Has made its pullback to around the 50-day ma....now bouncing back
CPTV has a great (IBD)Fundamental Rating (97 = A+)
It did get over extended,but if something good is going up.....you jump on.
Stochastic is bullish, turning north coming out of oversold.
Yesterday's Candlestick Bullish Engulfing
Support @ $18.96...16.67...14.90
Resistance @ $21.45...19.62

[setravis]

Profile Get Profile for: 




Captiva Software Corp.
10145 Pacific Heights Boulevard
San Diego, CA 92121
Phone: 858-320-1000
Fax: 858-320-1010
Web Site: http://www.captivasoftware.com

DETAILS   
Index Membership: N/A
Sector: Technology
Industry: Application Software
Full Time Employees: 316


BUSINESS SUMMARY   
Captiva Software Corporation engages in the development, marketing, and service of input management software to automate and manage the capture of external information into an organization's internal computing systems. Its software is used by banks, manufacturers, retailers, insurance companies, hospitals, tax authorities, and business process outsourcing organizations to capture, perfect, and route information from invoices, order forms, credit applications, insurance claims, surveys, tax forms, and other documents that feed information management systems. Captiva's product offerings feature a suite of input management solutions that includes FormWare for forms processing; InputAccel for document capture; PixTools, an imaging toolkit for developers; and ISIS, the de-facto standard scanner interface. It also provides ClaimPack, an automated medical claims processing solution for the healthcare industry, which captures information from paper-based claim forms; InputAccel for Invoices, a solution for automating accounts payable departments that is designed to capture information from invoices; Digital Mailroom for the automated classification and routing of digitized images of inbound mail and electronic communications; and QuickScan Pro a scanning module. In addition, it offers CodeLink, a claims coding software that assists providers in the preparation of medical claims; Claims Editor, a claims editing software that enables providers to review medical claims to be submitted in an electronic data interchange (EDI) format prior to submission; FirstPass, a claims editing software that enables payers to preview, and accept or reject medical claims submitted in an EDI format; and knowledge database products that contain clinical content and information. Captiva also offers professional and technical services, and hardware products. The company, formerly known as ActionPoint, Inc., was incorporated in 1986 and is headquartered in San Diego, California.

[setravis]

Press Release Source: Captiva Software Corporation


Captiva to Present at Roth Capital Partners' New York Conference
Tuesday August 30, 7:30 am ET 
Live Webcast to Take Place September 8


SAN DIEGO--(BUSINESS WIRE)--Aug. 30, 2005--Captiva Software Corporation (NASDAQ:CPTV - News), a leading provider of input management solutions, today announced it will present to investors at the Roth Capital Partners' New York Conference, taking place September 7 - 8 at the Westin New York Times Square. The event will feature more than 200 companies representing the technology, healthcare, financial services, consumer goods and other industries.


Captiva's CFO, Rick Russo, will discuss the company's market positioning and growth strategies to expand its leadership position in the input management segment of the enterprise content management (ECM) market. Mr. Russo's general session presentation will take place Thursday, September 8 at 1:00 pm EST (10:00 am PST) and will be webcast live via the following link: http://www.wsw.com/webcast/roth6/cptv/. This link will also lead to a replay immediately after the webcast and will be available until December 8, 2005. The link and presentation will be made available on the Captiva web site in the investor relations section.

Mr. Russo will conduct one-on-one meetings with investors and analysts throughout the day. Interested parties should contact the MKR Group at 818/556-3700 to schedule a meeting.

More information about the Roth Capital Partners' New York Conference can be found at http://www.rothcp.com.

[setravis]

This is up big in the after hours. +18.85% @ $21.75
I think it is because of this news out after the market closed.

• UPDATE - EMC to buy Captiva for about $275 million
at Reuters (Thu 5:52pm) 

[setravis]

5:17PM Captiva Software to be acquired by EMC for $22.25/share (CPTV) 18.30 +0.43:EMC announces it will acquire Captiva for $22.25 per share in cash, or approx $275 mln net of Captiva's cash balance. Upon completion of the acquisition, EMC expects to take a charge of approx $15-$20 mln for the value of Captiva's in-process R&D costs. Excluding this charge, the transaction is not expected to impact EPS in the first full year of operation.

**********************************************************************

UPDATE 1-EMC to buy Captiva for about $275 million
Thu Oct 20, 2005 05:52 PM ET
(Adds details)
NEW YORK, Oct 20 (Reuters) - EMC Corp. (EMC.N: Quote, Profile, Research) , the world's top maker of corporate data storage equipment, said on Thursday it will buy Captiva Software Corp. (CPTV.O: Quote, Profile, Research) for about $275 million.

EMC said it will pay $22.25 per share in cash, or about $275 million net of Captiva's cash balance. The deal is subject to regulatory and Captiva stockholder approval, and is expected to close in late 2005 or early 2006.

Hopkinton, Massachusetts-based EMC expects to take a charge of $15 million to $20 million for the value of Captiva's in-process research and development costs once the deal is completed.

San Diego-based Captiva's products digitally capture documents, forms and reports and extract critical information.


© Reuters 2005. All Rights Reserved.

[setravis]

AP
EMC to Buy Captiva for $275 Million
Thursday October 20, 6:24 pm ET 
EMC to Buy Captiva Software for $275 Million, or $22.25 Per Share


HOPKINTON, Mass. (AP) -- Information management and storage provider EMC Corp. said Thursday it will buy San Diego-based Captiva Software Corp., a maker of input management software, for about $275 million, or $22.25 per share in cash.

Shares of Captiva rose $3.45, or 18.9 percent, to $21.75 in after-hours trading after closing at $18.30 on the Nasdaq. Over the past 52 weeks, the company's shares have traded between a low of $8.46 and a high of $22.35.

Input management software, which allows paper-based information to be converted to digital formats, is in increasing demand as companies digitize more of their information, EMC said.

The company said it expects to complete the transaction -- which is subject to regulatory and Captiva shareholder approval -- later this year or in early 2006.

EMC said it expects to take a charge of about $15 million to $20 million for the value of Captiva's in-process research and development costs. Excluding this charge, EMC said it does not expect the acquisition to affect earnings per share in the first year.

Captiva and EMC have shared a partnership for about nine years, EMC said.

EMC shares closed at $13.59, down 17 cents, on the New York Stock Exchange, and added 3 cents in aftermarket activity.

********************************************************************

EMC To Buy Captiva

By Bill Snyder
TheStreet.com Staff Reporter
10/20/2005 7:09 PM EDT 

The price represents a premium of 18% over Captiva's latest closing price of $18.30 a share, the companies announced after the market closed on Thursday. Shares of Captiva quickly soared $3.69, or 20%, to $21.99 in after-hours trading; EMC was also up a bit, gaining 3 cents to $13.62 a share.


Capitiva's revenue in the latest reported quarter was $20.2 million.

The acquisition is expected to close late this year or early in 2006 following shareholder and regulatory approval. EMC will then take a charge of $15 million to $20 million for the value of Captiva's in-process research and development costs. Excluding the charge, the acquisition is not expected to affect EPS for the first full year of operation, the companies said.

San Diego-based Captiva, thought to be an acquisition target earlier this year, sells software used to convert data found on paper documents to usable digital formats.

The acquisition appears complementary to EMC's 2003 purchase of Documentum, whose software is used to manage existing digital content. EMC will now offer customers the ability to move massive amounts of paper-based data into files manageable by Documentum's software and store and retrieve it using EMC hardware.

Since it entered the software arena with the purchases of Documentum and Legato, EMC's dependence on its core hardware business has lessened considerably. In the third quarter, revenue derived from software application sales and maintenance agreements totaled $470.3 million, or of 20% of the company revenue of $2.37 billion.

Revenue from so-called platform software, which is bundled with hardware, is counted separately; it totaled $394.2 million in the quarter.

[setravis]

Active in the pre-market
+19.23% Volume @ 18,460

[setravis]

CPTV  Captiva Reports Record Third Quarter Financial Results... 

Support @ $21.83...21.31...18.85...17.54
Resistance @ $25.18
MACD is bearish
Stochastic is bullish
Recent CandleStick Analysis
Very Bullish
Oct-24-2005 Homing Pigeon 

Technicals
Last Price Quote is:
inf%above 13-day EMA
18.74%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $283.46 
P/E Ratio: 53.96 
PEG Ratio: 1.49333 
Next Earnings: 02/09/2006
Last Analyst Rating: Neutral

[setravis]

Press Release Source: Captiva Software Corporation


Captiva Reports Record Third Quarter Financial Results
Tuesday October 25, 4:00 pm ET 
Total Revenues Increase 41%, Software Revenues Increase 58%, Non-GAAP Operating Income Increases 182% and Non-GAAP Diluted EPS Increases 143% Over Q3 of 2004


SAN DIEGO, Oct. 25 /PRNewswire-FirstCall/ -- Captiva Software Corporation (Nasdaq: CPTV - News), a leading provider of input management solutions, today announced financial results for its third quarter ended September 30, 2005.
Total revenues were a Q3 record of $21.2 million, an increase of 41% compared to $15.0 million in 2004, and software revenues increased to $10.3 million, up 58% from $6.6 million in 2004. Non-GAAP operating income was $3.8 million, an increase of 182% over $1.4 million in 2004, and non-GAAP diluted earnings per share (EPS) was $0.17, an increase of 143% over $0.07 in 2004. GAAP operating income was $2.9 million, an increase of 226% over $0.9 million in 2004, and GAAP diluted EPS was $0.13, an increase of 225% over $0.04 in 2004. The non-GAAP numbers have been adjusted to exclude certain items, and a reconciliation of the specific adjustments from GAAP results is included in the table titled "Reconciliation of GAAP Net Income to Non-GAAP Net Income" below.

Cash and cash equivalents were $24.6 million at September 30, 2005, an increase of $4.7 million from June 30, 2005.


    Third Quarter Highlights:

     *  Total revenues increased to $21.2 million, up 41% from $15.0 million
        in 2004.

     *  Software revenues increased to $10.3 million, up 58% from $6.6 million
        in 2004.

     *  Non-GAAP operating income increased to $3.8 million, up 182% from
        $1.4 million in 2004.

     *  Non-GAAP diluted EPS increased to $0.17, up 143% from $0.07 in 2004.

     *  44 new customers were acquired, including AIG United Guaranty, Country
        Insurance & Financial Services, Dell, Family Heritage Life Insurance
        and the U.S. Air Force.

     *  Captiva was named one of San Diego's fastest growing technology
        companies by Deloitte & Touche.

     *  The company hosted over 250 attendees and 25 sponsors at Capture 2005,
        Captiva's annual Input Management Technology Conference.

     *  Captiva introduced Input Management Console(TM) and PixTools®
        Distributed Imaging.
     *  Captiva's eInput(TM) was named a "Trend-Setting Product of 2005" by
        KMWorld magazine.

     *  Shortly after the quarter's end, Captiva and EMC Corporation (EMC),
        the world leader in information management and storage, announced in a
        press release dated October 20, 2005 a definitive agreement for EMC to
        acquire Captiva, subject to customary closing conditions.

"Despite our experiencing more seasonality in software revenues than we expected, we're pleased to report record third quarter financial results and that we were able to achieve significant year-over-year increases in total revenues, software revenues, operating income and earnings on both a non-GAAP and GAAP basis," said Reynolds C. Bish, Captiva's President and CEO. "Last week we were also very pleased to announce the signing of a definitive agreement under which EMC will acquire Captiva, subject to customary closing conditions. We've long shared a mutually beneficial relationship, and together we'll be able to offer more complete, end-to-end solutions for managing the entire information lifecycle, greatly expanding the value to our customers and our ability to capture additional market share. We will, however, continue to develop our input management software as an open platform in order to support existing and future partnerships with other enterprise software solution providers."

"Given our achievements in the first nine months of 2005, we remain confident in our prospects for the remainder of the year," added Mr. Bish. "We expect total revenues to be between $85.0 and $86.0 million and non-GAAP diluted EPS to be in the range of $0.66 to $0.68. For the fourth quarter, we expect total revenues to be in the range of $26.0 to $27.0 million, and non-GAAP diluted EPS to be in the range of $0.20 to $0.22. This equates to GAAP diluted EPS of between $0.49 to $0.51 for the year and $0.16 to $0.18 for the fourth quarter.

Use of Non-GAAP Financial Information

To assist in making comparisons of current and prior period results, both non-GAAP and GAAP consolidated statements of operations are presented below. To supplement the company's results of operations presented on a GAAP basis, the company uses additional non-GAAP measures of gross profit, income from operations, net income and earnings per share adjusted to exclude certain expenses.

The company's management uses these non-GAAP measures to monitor the performance of its ongoing operations as compared to prior periods, and management believes that providing these non-GAAP measures to investors will enhance investors' understanding of the company's operations, allow for potentially more meaningful comparisons of the company's operating results with prior periods, and help investors identify trends in the company's results of operations. The adjustments exclude certain one-time charges that do not relate to the company's operations, such as acquisition and restructuring costs and a charge related to the write-off of withdrawn stock offering costs. The adjustments also exclude the write-off of in-process research and development and the amortization of purchased intangible assets which are non-cash GAAP charges resulting from the company's acquisitions of businesses.

These non-GAAP results are a primary indicator that management uses as a basis for planning and forecasting future periods. Each of these adjustments to the company's GAAP results are made with the intent of providing management and investors a more complete understanding of the company's core operations and the company's marketplace performance and result in excluding GAAP charges that management believes do not measure the performance of the company's current operations. By excluding these charges, management believes that it and its investors can more meaningfully compare performance of the company's current operations with historical operating results.

To the extent that the adjustments exclude recurring items, such as the amortization of purchased intangible assets, the non-GAAP results may not fully account for the cost of purchased businesses over time. However, information with regard to such recurring items are provided in the GAAP results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for gross profit, income from operations, net income or earnings per share prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies.

Non-GAAP Results

The non-GAAP consolidated condensed results of operations for the quarters and nine months ended September 30, 2005 and 2004 exclude amortization expense related to purchased intangible assets. The non-GAAP results for the nine months ended September 30, 2005 and 2004, exclude charges related to the write-off of in-process research and development. The non-GAAP results for the quarter ended September 30, 2005 exclude costs relating to the company's proposed acquisition by EMC. The non-GAAP results for the nine months ended September 30, 2005 exclude these EMC transaction-related costs and also exclude acquisition and restructuring charges related to Captiva's acquisition of SWT. The non-GAAP results for the quarter and nine months ended September 30, 2004 exclude credits related to restructuring accrual adjustments. The non-GAAP results of operations for the nine months ended September 30, 2004 exclude a charge related to the write off of withdrawn stock offering costs. A reconciliation of specific adjustments to GAAP results is included in the table below titled "Reconciliation of GAAP Net Income to Non-GAAP Net Income."

Revenues for Q3 of 2005 were $21.2 million, an increase of 41% compared to revenues of $15.0 million for Q3 of 2004. Revenues for the nine months ended September 30, 2005 were $58.9 million, an increase of 24% compared to revenues of $47.7 million for the nine months ended September 30, 2004.

Non-GAAP operating income for Q3 of 2005 increased to $3.8 million, compared to non-GAAP operating income of $1.4 million for Q3 of 2004. Non-GAAP operating income for the nine months ended September 30, 2005 increased to $9.7 million, compared to non-GAAP operating income of $5.0 million for the nine months ended September 30, 2004.

Non-GAAP net income for Q3 of 2005 increased to $2.5 million, or $0.17 per diluted share, compared to non-GAAP net income of $0.9 million, or $0.07 per diluted share, in Q3 of 2004. Non-GAAP net income for the nine months ended September 30, 2005 increased to $6.3 million, or $0.46 per diluted share, compared to non-GAAP net income of $3.1 million, or $0.24 per diluted share, for the nine months ended September 30, 2004.

GAAP Results

Revenues for Q3 of 2005 were $21.2 million, an increase of 41% compared to revenues of $15.0 million for Q3 of 2005. Revenues for the nine months ended September 30, 2005 were $58.9 million, an increase of 24% compared to revenues of $47.7 million for the nine months ended September 30, 2004.

Operating income for Q3 of 2005 increased to $2.9 million, compared to operating income of $0.9 million for Q3 of 2004. Operating income for the nine months ended September 30, 2005 was $6.9 million, compared to operating income of $2.9 million for the nine months ended September 30, 2004.

Net income for Q3 of 2005 increased to $1.9 million, or $0.13 per diluted share, compared to net income of $0.6 million, or $0.04 per diluted share, in Q3 of 2004. Net income for the nine months ended September 30, 2005 was $4.5 million, or $0.33 per diluted share, compared to $1.9 million, or $0.15 per diluted share in the nine months ended September 30, 2004.

Cash and cash equivalents totaled $24.6 million at September 30, 2005, compared to $20.0 million of cash and cash equivalents at June 30, 2005.

Conference Call

Captiva management will host a conference call today, October 25, at 1:30 p.m. PST (4:30 p.m. EST) to review the third quarter financial results and other corporate events. Reynolds C. Bish, President and CEO, and Rick Russo, CFO, will be on-line to discuss these results and take part in a question and answer session.

The call can be accessed by dialing 1-800-240-2430 and giving the company name, "Captiva." Participants are asked to call the number approximately 10 minutes before the conference call begins. A replay of the conference call will be available two hours after the call for the following three business days by dialing 1-800-405-2236 and entering the following pass code: 11040543#.

The call can also be accessed live on the web via the following link: http://phx.corporate-ir.net/playerlink.zhtml?c=77421&s=wm&e=1140713. This link will also provide an instant replay of the conference call, and can be accessed from the investor relations section of Captiva's web site at www.captivasoftware.com/Investors/.