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Gold/Mining/Energy : Sideware Systems - SYD.u/V, SDWSF

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To: Gator who wrote (3748)5/14/1999 12:09:00 PM
From: Ronald P. Margraf Sr.  Read Replies (1) of 6076
 
Hi Gator and all,

Well, I'm sorry if I have caused so much doubt in my reason for not
posting my evaluation of the open house early this morning. First of
all let me dispell all thoughts that I am trying to surpress the price
of SYD. Secound let me assure everyone that I am not loading up on the
stock. Not saying that I won't buy more but not today. I said as much
when asked last night by different folks.

So Gator, I will make two posts here today instead of tomorrow. As it
turns out I am not going to work until late this afternoon. So what I
will do is post the bad news here and the good news on the other post.

So here we go. Bad news:

The lite side:

1. They didn't have the beer that I drink. (Miller lite) If they did,
they ran out before I got some.;-(

2. The women where all to young for me and had to much make-up on.;-(

The heavy side, (serious) stuff:

1. Talked with several potential customers including SAIC rep. Here is
some of their responses and concerns.

A. I asked them what they thought of the product?

Their answer was that they thought it was great. No one had anything
bad to say about it. THAT IS A PLUS in my book.

B. I asked them would you buy it?

Their answer after a little himming and hawwing was if the application
could/would apply. This tells me that the company needs to tweek the program
to make it more universal so that anyone can use it for any application, whether
they have a customer base or just government public inquaries.

Like I said before, no one had anything bad to say about it.

2. Talked to the SAIC rep. at length. He volunteered that they where
sponsoring the company and working a JV. I asked him, if the product is
so good, how come you haven't signed a deal, he couldn't answer me. His
reason was that he was new to the project. Promised me that he would get
back with me. Have his business card so he can't run or hide.;-)

3. Talked to Mike and Marie, company reps.. Both where up beat. Asked
about the Metro-call deal. I was told it was a done deal. Asked if they
had a signed contract, the answer was no. Asked when would they have one,
the answer was soon and as far as they where concerned it was bagged.
I said to them, nothing is bagged until it is signed. Their response
was that they feel Metro-call is committed and so are they. So that remains
to be seen.

4. Talked to Mr. S. Asked him about the IBM deal. Nothing signed. Still
working on it.

5. Now what seemed to be a common thread in all this is that even though
folks like the product, the same response was, they haven't sold anything
nor do they have any customers.

6. Did not talk to George but saw him. Didn't find it necessary to have
an exchange although I did listen to some conversations that he had with
interested parties.

To summerize the whole affair;

I think it went well. Lots of interest. That is a big plus but the company
is not in this alone. There is competition in this field which I found
out last night. What I will say is this. Everyone I felt was forthright and
very honest. That is another BIG PLUS and I think everyone else got the
same impression. With that on our side, I think something good will come
out of last nights funtion.

I hope that this is informative but not negative. It is not intended to
be. The reason I am making 2 post is that I don't want to mix the two
thoughts or opinions. There are definiately some good things here and I
will post it next.

Later,

Ron
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