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Technology Stocks : Cats Software (CATX) Any holders
CATX 2.595-4.8%12:54 PM EST

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To: DRL who wrote (36)10/22/1996 12:07:00 AM
From: Blake Cmajdalka   of 60
 
Infinity Finance goes public tommorrow
They are a direct competitor of C*ATS and they are going to sell 2.5 million shares between 13 and 15 I believe. Do you know that the owner of Infinity used to be a V.P. at C*ATS. The company has annualized revenue of 25 million and annualized net income of 5 million. Those should be our numbers. Infinity, I believe is one of the two competitors C*ATS has. The other is Sunguard. Maybe we can merge with them. They can give us .75 share for every share we own, get CARMA and merge Catalyst with their product, plus get our 20 million in cash to boot. By the way, I talked to the CFO at C*ATS today (nice informative guy). I asked why the revenues fell from the 2nd to 3rd qtr and he said they lost one of their mature customers to an inhouse created program. Hopefully the revenues from the 4 new contracts will kick in the 4th qtr. He sounded optimistic about the CARMA product. I believe the will be first to the market. A reuters story today talked about Infinity going public and the so-so hopes for their future. They talked about how C*ATS went public and how it has become a dog for investors.
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