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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: wpckr who wrote (663)10/31/1997 3:37:00 PM
From: feltburner   of 1936
 
wpckr: The report may have been dull and dry, but the conference call did present some more "upbeat" info. The Y2K signed backlog is $15mm; with the strong pipeline they have, they believe it will double by yr.-end. They have signed and will soon announce another partner for FALCon- said to be "the largest IT services provider in the industry". I don't believe there is any worry about the results being un-audited, but you are right that there are very hard to understand elements; at least the company is making some headway in improving that situation thru conversion of the preferred shs.
-Felt Burner
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