Docucon ( DOCU ) Message Board

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Microcap & Penny Stocks : Docucon ( DOCU )

DOCU 70.93

+0.2%

Nov 5 3:59 PM EST

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To: Billie Thon who wrote (422)	9/17/1997 1:24:00 PM
From: David Rubin	of 510

Lets not get carried away just yet. I think the IBM deal is great news but I also think the market is overreacting and we're going to have a correction. There's nothing in the press release that says anything about how DOCU stands to benefit financially from this. I imagine that DOCU was the instigator of and probably gave IBM a nice piece of the pie. I'm very curious to know just how far this deal goes, and how it will affect DOCU's bottom line. Remember, JFS sales are only a small percentage of revenues for DOCU. In order for this company to show growth they must build upon their core imaging business. Thus, I think it would have been far better news to hear of a new DoD contract. My prediction is that the stock will top out at $1.25 and over the next few days or weeks it will drift back to under $1. I'm out for now (having bought in at $.75) and will wait to see just how this IBM agreement will affect the numbers...

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