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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: JDN who wrote (3902)	12/30/1997 9:03:00 PM
From: tech	Read Replies (5) of 10786

Robert Gruder Wired for 2000 from Charlotte Business Journal Tue, 30 Dec 97 19:23:43 CST Alydaar Software Corp. chairman and chief executive Robert Gruder breathed a sigh of relief Dec. 2 when his firm received approval to begin trading on the Nasdaq national market system after years on the smaller, lightly-traded bulletin board. The new listing will expand Alydaar's shareholder base and raise its profile among high-tech firms. It will also give the company a chance to raise needed capital. Alydaar's main focus is helping clients fix Year 2000-related computer code problems. That work has helped it earn national recognition, positive industry reviews and a client list that includes McDonnell Douglas, 3M, DuPont and other large financial services and manufacturing firms. It hasn't translated into significant interest on Wall Street, however - mainly because so far it's failed to show a profit. Alydaar lost $5.13 million in 1996, leading to some criticism that Gruder has promised more than he can deliver financially. In an August Business Journal interview, Gruder addressed the criticism, saying he's been misquoted on his predictions. "I was quoted as saying we'd make a profit by fourth quarter (1996) and what I said is that I would hope we'd make a profit by fourth quarter. Well, we are making a profit now. Two quarters late isn't bad." The firm is expected to show a profit in 1997. ============================================== >> It will also give the company a chance to raise needed capital.<< - Bob Gruder "needed capital" ? Does this mean we should expect more offshore deals ? What's going on that they need to keep rasing money ? I thought that they were gonig to turn a profit in Q4 ?

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