OAO Technology Solutions, Inc. (http://www.oaot.com, NASDAQ: OAOT) is a Safeguard Scientifics, Inc. (http://www.safeguard.com, NYSE: SFE) partenership company and was a Safeguard "rights offering" company in 1997. They are the private sector business of OAO Corp. (http://www.oao.com), which focuses now only on government consulting.
Their recently acquired healthcare business increased 254% and Digital Equipment Corp. business increased 124%. They are also bidding on a second 10 million dollar (10 year) contract with IBM Global Services. Their strategy now is to reduece their reliance on their 2 big accounts (IBM and Digital) and move into other areas. They have made a move into healthcare, and are working on contracts with Perot Systems and NCR.
The stock is way oversold right now, and should make an attractive long-term buy! |
