MDSIF (formerly MDSI) Mobile Data Message Board

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Technology Stocks : MDSIF (formerly MDSI) Mobile Data

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To: bruce gordon who wrote (116)	2/6/1998 11:46:00 PM
From: Phillip Bucchi	Read Replies (1) of 226

Are you guys asking the right questions? Are earnings back on track? I haven't used this board since I sold most of my shares because of the lousy earnings report 6 months ago. Remember, they are able to report on a % of completion basis for any and all contracts they are working on. Having some experience with computer systems, the last 5% of a fixed price contract can cost you alot of money. Have they gotten the London taxi contract completed or is it under control? If yes, then fine, they may be out of the woods; if no, however, what is the impact on future earnings and what is the impact on other contracts? My take is that I won't do anything until I see this contract cleared up. After the writeoffs, which occurred 6 weeks after earnings and reassurance that everything was ok, I believe it when I see that the contract has been completed. By the way, the stock is acting mighty strange; note the 400k + shares traded the other day and it didn't do anything. In subsequent days it slowly started to sell off. Is the stock getting ready to go down like it did in the late summer? Maybe!! Phil

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