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Technology Stocks : Data Dimensions

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To: Robert E. Bruss who wrote (3453)11/3/1997 9:09:00 AM
From: Bob Trocchi  Read Replies (1) of 4571
 
To All:

An announcement this A.M.

No big deal however this "deal," which was previously announced, will do the following for DDIM:

1. Increase the amount of shares by 1/2 million shares causing some dilution
2. Increase the low margin consulting business thereby potentially dropping DDIM's stock price which is inflated based on extremly high Ardes sales.

On the positive side for DDIM on this deal, paying $18 M for a company that looks to be producing $7+M in sales is not a big price. Especailly true given that they are purchasing strickly with stock which is currently inflated.

details below.

>>Monday November 3 7:00 AM EST

Company Press Release

Data Dimensions Signs Definitive Agreement on $18 Million Purchase of Pyramid Information Services

Pyramid Wins Multi-Million Dollar Outsourcing Contract<<

biz.yahoo.com
Bob T.
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