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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Kathy Riley who wrote (463)6/25/1997 2:36:00 PM
From: Rich Dee   of 10786
 
This was posted recently, but it might give some insight on when listing might happen. It's the only estimate that I have seen in the news.

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Dow Jones News Service ~ June 18, 1997 ~ 12:05 pm EST
CHARLOTTE (Dow Jones)--Alydaar Software Corp. (ALYD) expects to report a loss of $2 million to $3 million in the first quarter ended March 31 compared with a loss of $270,000 a year earlier.

Hollis Scott, chief financial officer, said the company expects to break even in the second quarter and be profitable by the third quarter.

The company was a non-reporting development stage company in the year-ago period. Scott said the company recorded a full-year loss of $5.1 million in 1996, on revenues of $38,000.

Scott said the company filed with the Securities and Exchange Commission to become a reporting company and expects it to be effective in two to three weeks. It currently trades on the over-the-counter bulletin board.

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Rich
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