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Technology Stocks : Spyglass

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To: chirodoc who wrote (1149)10/26/1999 1:16:00 PM
From: Art Bechhoefer  Read Replies (1) of 1412
 
Harmon is looking at only parts of the picture, rather than the whole. The way I see it is that SPYG has a foothold not just in portables (i.e., small screen devices with limited graphics and text capabilities) but also set top TV boxes and a variety of non-PC applications involving access to information on the Internet.

Also, the past history of the company is not a good predictor of the future because the company has changed its business plan and its management. It has moved from a more or less conventional software development - copyright revenue company to a software development/consulting services firm with less emphasis on sales to end users and more on services to information providers and equipment manufacturers.

One of the unknowns is the new management, which appears to be quite good in terms of background. Another plus is the quality of the software professionals working for the company. This is a period of EXTREME shortages of good programmers. If SPYG can hold onto its personnel, it is probably going to succeed if only because its services are in great demand, even to the point of a takeover. Recall that AMAZON.COM recently bought a whole software firm just to get the services of the firms's software staff. The same could happen here too.
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