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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Steve Stinson who wrote (222)	12/15/1997 4:35:00 PM
From: TheNamelessOne	1 Recommendation Read Replies (1) of 553

I own shares in a few software companies and the general concensus is that most if not all the software companies have experienced substantial declines in stock value in the last few weeks. The fact that two of the largest (Microsoft and Oracle) have been hit this past week has not helped at all. I think there was quite a bit of hype around MGI in the past few months which is what caused the price to surge. However, now that the dust has settled a bit the price has fallen probably to where it should be given the fact that they still have not made a profit. Overall I think it is still a very good long term prospect but I wish I had sold at 6.50 and bought back now. MGI has received 25 awards to date and signed many license deals with high profile companies. How can the product now be considered inferior after the many positive reviews it has received. Do the OEM's now think that Photosuite is an inferior product? Sante...

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