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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Mark Brophy who wrote (2735)12/15/1997 3:37:00 PM
From: Jimbo Cobb  Read Replies (1) of 3529
 
I think the primary factor of the latest drop in SYSF (7-8 down to 5) is their DIRECT link (as opposed to an indirect link found in many tech stocks) to the Asian market problems. SYSF does a lot of business (not sure what %) over there, and they already had some problems getting paid in a timely fashion by those folks. If they pay late now (in a currency other than US $), by the time they pay, it might be worth much less to SYSF in US $). Or maybe the fold up shop and go home and don't pay at all.

Did SYSF blame SEA woes at all during last conference call ??

I didn't get a chance to listen.

Mark.
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