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Technology Stocks : Carnegie Group CGIX (READY FOR A MOVE?)

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To: ALL IN PAUL who wrote (19)1/16/1998 10:22:00 AM
From: PeterGx  Read Replies (2) of 110
 
Laron:

since you are in the "biz" could you confirm/disspell my belief that CGIX has a sound technology.

I am employed as a C/C++ programmer and from what I've read about their "Templates" products/approach, in terms of scalability and interoperability, that should be very attractive to businesses who want to develop information/knowledge based systems (which seems to be the new buzz word (justifiebly so IMHO)). Also, their client list seems quite divesified and impresive.
Here is an excerpt from their latest 10K.
Of course it could all be management hype, but their management has not struck me as that type (some what unfortunately for the shareholders)
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Carnegie Group, Inc. ("Carnegie Group" or the "Company") provides client/server software development services that integrate advanced user-centered, intelligent software technologies with clients' existing computing infrastructures to automate and enhance complex business processes. The Company performs business and technical consulting, custom software development, and systems integration services to improve clients' productivity and market position in two business areas: customer interaction; and logistics, planning and scheduling. Within these areas, the Company targets its services to clients in the financial services, government, manufacturing and telecommunications industries. The Company's expertise encompasses a wide range of advanced software technologies, including knowledge-based systems, object-oriented technology, advanced graphical user interfaces, constraint-directed search and distributed computing. The Company captures certain aspects of its business area experience and advanced technology expertise in a portfolio of reusable software templates that can be used as building blocks to create software solutions quickly and effectively. In addition, Carnegie Group employs an iterative or "spiral" approach to software design that begins with the construction of a prototype and continues through testing of successive versions of the software against project requirements. This iterative design facilitates rapid software development, encourages client feedback and leads to greater congruence with client needs and expectations. Since inception, Carnegie Group has emphasized relationships with leading corporations in its targeted industries. These relationships have provided the Company with opportunities for growth through the provision of additional services to existing clients and through references to other companies within the Company's targeted industries. Carnegie Group's clients include the United States Transportation Command, U S WEST Communications, Inc., BellSouth Telecommunications, Inc., U.S. Army, Caterpillar, Inc., First USA Bank, Highmark Blue Cross Blue Shield and Philips Medical Systems. "
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Any thought greatly appreciated.
PeterGx

PS I am looking to put this one away for a few years, not speculate in the short run.
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