Simulation Sciences (SMCI) Message Board

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Technology Stocks : Simulation Sciences (SMCI)

SMCI 50.75

-2.3%

Nov 3 9:30 AM EST

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To: Mark Jenkins who wrote (74)	2/9/1998 9:27:00 AM
From: James Bowser	Read Replies (1) of 183

$4 in cash per share, no debt. This is a highly respected technology company run by some very high tech people. The secondary offering in November is a positive....that's why they have such a strong balance sheet, and now you can buy the stock much cheaper than where the capital was raised, hence, to people buying now, the secondary is anti-dilutive. The shortfall in the quarter is the kind of blip you would expect to see with an emerging high tech company like this. Although I have never seen the management speak, supposedly these guys are rocket scientists and are quite impressive on their knowledge of the markets they play in. Since they have a new CFO, perhaps he took some more conservative accounting approaches in the Dec qtr, which will only serve them better going forward. Wish I had bought on Friday at the open, but took me a while to review this one. I will add on weakness.

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