Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 185.58

+1.8%

Dec 8 3:59 PM EST

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To: Gerald Dorman who wrote (7946)	2/6/1999 2:17:00 PM
From: steve brooks	of 56535

Gerald: ALYD Here is what I have mostly old news and TA. Hope it helps. ALYD provides y2k software reengineering services primarily for mainframe systems. Revenue for 9 months ended 9/30 26.7m up from 4.6m in 97. Earnings were 6.3m vs loss of 7.6m in 97. EPS 1-q 98 .1, 2-q 98 .16, 3-q 98 .1 There are no analysts covering the stock so no eps estimates for 4-q 98. 4-q 98 earnings were due on 2/1/98 according to the company's web page. Since I can not find any mention of those earnings, I e-mailed thier IR Thom Dudchick asking why?, when? and If the company is courting any analysts for coverage. I will post if he gets back to me. I don't have time to call him but his number 704-365-2324 x 2049. Maybe you would like to call him this next week and we can compare notes. Recent News: 2/2 announced buyout of Data Systems Networks for 17.5m in stock with the stock at $9 2/5 that would be an additional 1.9m shares coming out but most likely this stock will be restricted but I don't know for how long. 1/28/99 Announced contract with ITT/Cannon for y2k project. 1/19/99 Kelly Services y2k project. They have more going back to Nov-98. Approximately 23% of revenue is foreign. Mostly Europe but know they are expanding efforts in Japan and Asisa. My broker is Datek and they allow the stock to bought on margin but you can not short it. I have no idea what this means and would appreciate any comments. Short interest 12/98 1.135 m, SI Ratio 7 days. 1/99 835k, SI Ratio 4.5 days. Pretty good decrease in shorts from Dec to Jan. Float 10m, outstanding shares 17.4m (Prior to DSN purchase) Ave. Vol past 3-mos is 190k. Ave. vol past 10-days 126.8k with a big drop off the past several days. Institutions: own 29% of which Nations Banc owns 25%. Insiders: own 42.7% of which the CEO owns 40% Assuming the company reports 4-q 98 earnings of $.10 flat from 3-q. The total earnings for the year would be $.46. At current price of $9 the P/E would be 19.5. IMO that is pretty cheap. TA: Support based on 50-DMA at 9. We are there now. If breaks below support I would expect the stock to tace back to the 7 range. The 200-DMA is at around 10.5 so this is our resistance. That is pretty much all I have time for now. Back to tax returns. Good Luck. Steve

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