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Microcap & Penny Stocks : ACCUGRAPH (ACCUF, ACU.A)
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To: Pierre J. LeBel who wrote (250)3/3/1998 10:39:00 AM
From: Serge Collins  Read Replies (1) of 276
 
The results indicate that the company is turning the corner, albeit slowly. What one has to look at is the increase in software revenues as well as an improvement in the service revenues.

This is a sharp improvement over the 3rd quarter and I believe it will point to a general improvement as the year moves on. It was interesting to note that SG&A expenses were much higher than the quarterly average. In fact, they were about $1 million more than last year's quarter and accounted for the loss.

Having said this, I still think that the company is progressing and this will take time but should become clearer as the year moves along. Owning this stock is still a bet on future as opposed to present prospects.
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