Simulation Sciences (SMCI) Message Board

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Technology Stocks : Simulation Sciences (SMCI)

SMCI 51.96

+3.2%

Oct 31 9:30 AM EST

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To: kvogel who wrote (145)	2/16/1998 7:15:00 PM
From: WTSherman	Read Replies (1) of 183

I'm glad I wasn't part of the secondary, too. Though, for those of us buying after the "fall", its actually a help. The company has the money(raised at a much higher price) and its what makes this so attractive. I'm also concerned about the R&D. Its a little hard to figure out how they had "unanticipated" expenses. I have to assume they this means they were using outside developers, under contract, for some or all the work and that the hours put in were higher than anticipated. If all the development were being done inside I don't see how the expense line would be any bigger. The project could have been delayed, but, expenses for salaries would have been the same. I'm still kind of mystified.... If anyone knows whether or not they are using outside developers for this it would assist alot. If they're not, then this sounds like smoke, to me...

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