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Technology Stocks : SSA (SSAX) BPCS/Client Server

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To: nataraj who wrote (321)	12/8/1997 10:58:00 PM
From: Rich Young	of 915

From briefing.com: System Software Associates (SSAX) 15 1/4 +7/16: provider of information systems to the industrial sector reports 4th qtr net of $0.01 (after charges) vs a yr-ago loss of $0.13 a share. Excluding charges the company made $17.1 million, or approx. $0.38 a share (based on 44.9 mln shares). Wall Street was expecting earnings of $0.23 a share.... 17.1 million was OPERATING income, not NET income. Also, only the 12.9 million were ONE-TIME charges, the rest I assume will be recurring charges each quarter. Either way, the pre-charge numbers beat the estimate, but there are still some questions to be answered about forward growth. Do they have anything beyond upgrade revenues? Yes, they mention the number of new clients at 80 for the quarter & 280 for the year, but how many converted to something else? Too many questions.... RCY

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