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Technology Stocks : Crystal Systems (CRYSF) - AD 2000 Solution IPO
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To: Bald Man from Mars who wrote (205)3/6/1998 1:31:00 AM
From: shlomi cohen  Read Replies (2) of 572
 
First I read here about short sellers. We'll have to wait until the end of the month to see if it is true. Last report shows no short positions.
Second I think this y2k problem has up and down sentiments in Wall Street. I understand that at least for CRYSF and SPNSF there is a lot of work beyond y2k. Euro and other kind of software conversions (original business of crysf before y2k conv.)
If you'll read today Wall Street Journal about Merill Lynch planning to invest above 250m$ in this y2k problem you'll understand how huge is the market. I heard yesterday 3 mgrs from this business :
MERQ(y2k tests) founder, SPNSF(mainframe) CFO and CRYSF(tools and now tests) CFO. All of them spoke of a lot of contracts and I understand that it accelerated just on 1.1.98.
Crysf has more large clients like FORD that just doesn't want the public to know about the problem and that why it is not known.

I hope that this month in N.Y.(y2k conf.) CRYSF will expose itself to Wall Street along with more statements like Merill today (about y2k)and we'll move north. For sure after Q1 results.

I see that Oppenheimer had buy at 23 on Crysf. Now it should be strong strong buy.

Shlomi.
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