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Technology Stocks : Data Dimensions
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To: Big Dog who wrote (4006)12/20/1997 2:54:00 PM
From: Eric Klein  Read Replies (1) of 4571
 
Darrell,
I think that y2k is a genuine problem. I just don't believe that DDIM will be able to make enough profit to justify their stock price. The initial y2k frenzy assumed that some company would come out with a "Silver Bullet" to solve the problem. No company has. DDIM's Ardes product is overpriced and has not generated much revenue, nor is it likely to.

In the short term, DDIM has to make $.23 in this quarter. This is more than double last quarter's profits. I don't believe they'll be able to do it. If they don't make their numbers, they will get slammed.

In the even shorter term, the market is not showing a great deal of strength. A stock like DDIM is tarnished, it's down more than 50% from it's high. A positive short term factor, though, is that many "investors" are holding waiting for a New Year's bounce. It may get the bounce, but look out come February when the New Year's hoopla dies down and DDIM must release their earnings numbers.
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