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Technology Stocks : SSA (SSAX) BPCS/Client Server
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To: Frank Vannucci who wrote (342)12/9/1997 7:49:00 PM
From: Warren Gates  Read Replies (2) of 915
 
TO ALL:

Last quarter, without the charges, the company actually beat expectations by 3 cents. Am I the only one thinking like this, or did the company deliberately book some revenues on that quarter instead of the 4th in order to get some momentum going on the stock. This enabled them to get that convertible financing done on a good converstion price. It was like selling calls for them.

3 cents roughly translates to 1.32 M in net income which translates to about 8-10 M in revenues. If this were booked this quarter, then expectations would have been met and everybody will be happy.

This quarter's report suggest that the turmoils in ASIA are now having their impact on high tech firms. But ERP is in such a high growth area now and the only pure plays are SAP, BAAN, and PSFT and SSA. I'm doing some SAP work now and SAP is just about the king. But SSA is competing well in some vertical markets where SAP is just a dog to install and too expensive. Add to this the companies that are trying to migrate from AS/400 to client server where SSA is the sound choice. Add to this the Y2000 opportunities which should accelerate next year.

$5 per share, I wish. That would give it a market cap of $220M.
They could clear that amt in 2 quarters. A 20% revenue growth is decent for software companies. 2X sales is minimum once they get all the charges out of the way. Should be a billion dollar company by next year for a price in the $20's. To think how many billion dollar companies there are now trading on dreams.

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