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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: Rainforest who wrote (903)1/22/1998 1:45:00 AM
From: uu  Read Replies (2) of 1936
 
I just talked to an old colleague of mine at Sapiens. He is a senior R&D engineer and works for the company in Israel. He is now in France working and setting up one of Sapiens' customer's client-server applications. As far as he can tell things are just going fine and extremely well and nothing to worry about. he said they have more work than they can handle, and the demand for their products (especially on the consulting, service and maintenance contracts is running very high). I aksed him about the recent decline in the price and he could not make any sense out of it either. But he said the company has never ever been in a better shape that it is today. He said moral is at its all time high within the company (as far as he could tell) and everyone is extremely optimistic about company's prospects. He thinks strongly any decline in the price of the stock under $7 is a blessing from the sky to buy more!

Eventhough he is just an engineer and works in the R&D which makes him not to know exactly what is going on at the top, it made me feel very very very good and relax about how most employees feel from within the company. Therefore I do not feel any more as concerned as I was before about the stock price decline and now am inclined stronger than before to believe that the price will go back up strongly once the earnings come out.

As always just my humble opinion.

Regards,

Addi Jamshidi
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