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Technology Stocks : SSA (SSAX) BPCS/Client Server
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To: kvogel who wrote (623)2/18/1998 6:07:00 PM
From: MAURICE J. SADOWSKY   of 915
 
Just a few facts I have learned from the 10-K405 which was filed with the SEC January 29, 1998.

1. On January 22, 1998 the company stated that there were "46,586,848 million shares of the registrants common were outstanding". That means the 2.0 million shares for the employee stock plan and held by the company is not included in the above number (my opinion).

2. The registrants proxy statement for the annual meeting," estimated to be in March 1998, expected to be filed with the Commission not later than February 17, 1998."

3. Cost of License fees in 1997 decreased to 24.9% compared to 29.5% in 1996.

4. Cost of service fees in 1997 was 77.1% in 1997 compared to78% in 1996.

5. Average weighted common shares for 1997 was 42.7 million shares.

6. Net cash flows from Financing Activities
6.1 Amount borrowed (repaid)under bank line of credit------------------------------------(46.4)
6.2 Repayment of Senior Notes--------------------------------------(26.0)
6.3 Proceeds from conv. sub. notes--------------------------------------150.0
6.4 Proceeds from Redeemable Series A preferred stock--------------------------------------10.0
6.5 Proceeds from exercise of stock options-------------------------------------1.6
6.6 Principal payments under other financin obligations---------------------------------2.7
6.7 Dividends-----------------------------------0.0
Net Cash provided by and (used in) financing activities----------------------------------86.5
Effect of foreign exchange on cash-----------------------------------------1.2
Net increase in cash and equivalents---------------------------------45.2
Cash and equivalents at the beginning of the year-----------------------------------------38.1
Cash and equivalents at the end of the year-----------------------------------------83.3

That all for today folks--Maurice
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