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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Robert Scott who wrote (3044)2/13/1998 11:25:00 PM
From: P.M.Freedman  Read Replies (1) of 3529
 
Robert--Angelo's resignation should be very welcome by the Street. But I don't believe he would. For the possibility of a lawsuit, I don't expect it, neither. They already prepared for what might happen. They left little room for an attorney to play. The only thing I worried is whether SYSF is able to return to profitability. Although SysWiz is a joke, it may still be useful for awhile as soon as some fools buy it. We believed in SysWiz before, so will the followers. It depends how long it can last. It is very hard to say that SYSF will turn to normal in this quarter and even in next quarter. We may use Fidelity's next SC13G filing as an indicator. If Fidelity will still hold 8.4% of SYSF shares in next 13G, we may throw more money into this stock. Its last 13G was based on the ownerships on December 31, 1997. It won't be a problem for those Fidelity's fund managers to figure out what made the two third (almost 10 million) of the revenues to disappear in a three-month period. Hope that SYSF goes up instead of dropping further.
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