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Gold/Mining/Energy : GEAC.....Canadian best kept secret
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To: Ally who wrote (1531)3/26/2001 6:50:01 PM
From: Doug  Read Replies (1) of 1571
 
There is no hope of a Sale for this Co.. Two years ago, I pointed out buying second hand software from near junk Cos. and trying to face lift software is a very bad buisness plan. I have been proven right.

The only thing left for the Co. is to sell a 50% stake. to an Asian service Co. who do out source work. Then lay off all the Dollar paid staff. The Asian buyer may be able to turn the Comapny around and develop new products.

You will continue to see more writeoffs till there is nothing left.
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