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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Tech Master who wrote (4208)1/30/1998 5:58:00 PM
From: Robert K. Sims  Read Replies (1) of 10786
 
Yes is the answer. I have the Feb 2nd copy of The Business Journal in my hand as I type and right there on the front page is Mr. gruder himself talking about "growing beyone the year 2000".

The article talks about Charlotte high tech companies and says the most visible is Alydaar which has 320 employees solely on the year 2000 business and is now planning the company's next steps.

Gruder says the company plans to have millions of dollars in cash on hand and and 20 sales offices around the country. To prepare for that day he expects to make several local aquistions to help grow the company's in expertice in ares outside Year 2000 solutions.

Gruder stated that the company is now turning a profit after losing money last year on 11 million in revenue.

Gruder is also intent on remaining a major player in the Year 2000 market. He plans to spend more than a million dollars on agressive marketing campaign that will include direct mail, telemarketing, and possible commercials on cable networks CNN and CNBC. "The only thing we lack is visibility and we're gaining that" Gruder stated.

That's basically the whole article about Alydaar. The rest was about other high-tech companies in Charlotte.

Now, if all of you people who have the numbers would go to work and tell us how 11 million in revenue fits the picture it would be nice to hear from you.

I would appreciate any forcast based on what Gruder said in the article.

Thanks

Robert
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