-last "segment"
Article 9 of 18
Subject: Re: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/16
Message-Id: <4ndtvk$m9u@nntp1.best.com>
References: <4ndqgb$pm3@news.nstn.ca>
Organization: Best Internet Communications
Newsgroups: misc.invest.canada
> pyu@yorku.ca (peter yu) writes:
> patdit@best.com wrote:
>
>
> Hi pat . I am now starting to understand the big picture. ( I hope )
> I must say, I was tempted to sell my shares,but I will continue to
> hold them even though I don't like the way the stock trades. I am
> looking forward to hearing more about Forecross and trust that you
> will keep us up to date.
>
>
>>>>
I am sorry you don't like the way the stock trades.
With an all time record high closing on big volume
what does it take to make you like the way a stock
trades?
Look a little closer, the answer has been plain
in the price and volume data for four months.
___________________________________________
Article 10 of 18
Subject: Re: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/15
Message-Id: <4ncumt$7h5@nntp1.best.com>
References: <4nbf1v$52q@news.nstn.ca>
Organization: Best Internet Communications
Newsgroups: misc.invest.canada
Article Segment 1 of 5
(Get All 5 Segments)
> pyu@yorku.ca (peter yu) writes:
> patdit@best.com wrote:
>
>
>
> >Check back up the thread,
> >lite-nin, and you will find each of
> >the original questions answered but
> >just to keep it real slow and low and anal
> >ask away and I'll answer 1 2 3, again, what ever
> >I legally can.
>
>
>
> >P.S. Peter, you confuse liquidity with trader
> >agenda. We can't be illiquid and trade 2 or
> >3% of the float daily. What you are seeing
> >is the confilict of traders with an agenda.
> >If you can't figure this out or who these people
> >are give me a call at the office and I'll give
> >you a free lesson. Knowledge of the basics will
> >help your trading.
>
>
> Ok pat , It is too bad you can't explain in laymans terms what it is
> that differentiates this " migration software" from the competitions.
> ie ddim.
> Or perhaps you can explain how much talented manpower is required to
> effect the successful migration as compared to ddim.
>
> or perhaps you can tell me if Forecross has enough manpowerr to
> service all the companies that have this problem. I spent the past few
> days talking to consultants in this industry and it appears most
> companies are working on thier own solution or with a number of other
> software consultants most of which have not even heard of forecross.
>
> How are you getting the message out that you have the best product for
> this problem that is far superior to your competitors. You list a lot
> of customers in Canada and the USA yet your revenues are still very
> low. What gives. When will the revenues kick in?
>
> With regards to takeovers i if it is a billion dollar problem and you
> have the best widget, why wouldn't IBM or Microsoft take you over. I
> am sure all the insiders have a price they will part with their stock.
> Everyone has a price.
>
> What is microsoft doing about this major problem? Do they have a
> solution? If Bill Gates can make a lot of money off it he sure would
> be doing it wouldn't he? Gartner group says it is a $300-600 billion
> dollar problem.
>
> Perhaps you could attempt to answer these questions in a linear
> connect the dots fashion . And please keep it to a low level easy to
> understand response. Oh yes, you can assume I have a grade 6 education
> and therefore refrain from resorting to derogatory remarks as
> answers..
>
>
>>>>
The main difference in our complete 2000 solution and others
is that Forecross is known for AUTOMATED software migrations.
Most others uncluding your reference use process and some tools,
i.e., bodies. We use software, automation. We need a very small
fraction of the "talented manpower" that those who provide
a "process centric" solution we do a "automation centric" solution.
A factory with a whole bunch of PC's to migrate the mainframe code.
We are hiring but here again don't forget that the consultants you talked
to reference body and process solutions. Without automation they won't make
it. I will try to cut and paste into this an article written by our CEO that
explains the difference between the approaches.
The customer list you reference is a list of our core business migrations
all smaller than a 2000 migration. We are about to do our first 2000 business.
We still had the best quarter in our history. Our press releases give you an
idea of the types of customers we enjoy.
Our market strategy for the coming months is not a matter for public discusson.
Microsoft? We specialize in automated MAINFRAME software migrations.
As to takeovers, not many know how this market will evolve. There are not
many folks around that understand that this is a migration issue not a bug
fix or an item of maintenance. Check out the article after this.
______________________________________________
Article 10 of 18
Subject: Re: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/15
Message-Id: <4ncumt$7h5@nntp1.best.com>
Article Segment 2 of 5
(Get Previous Segment)
(Get All 5 Segments)
As to market volume dynamics, lessons are extra. Call me at the company
and I will explain the breakout that is happening as I write. The market doesn't
know it all and it doesn't always know it first but it knows more sooner than most.
The point I am trying to make is that if you don't know anything about the the
technology or the market for the technology, as in your case, you can learn
something from the way the company trades. Price and volume have been
telling the future for four months. Some can connect the dots, check the
real players and the order flow if your broker can access and understand
the information. I talk to plenty who can each day and none of them sound
like you. You can see their opinion in the market or at least some can.
As to the sixth grade and sorting. Just keep watching I am sure that sooner or later
this will all line up for you.
____________________________________
Article 10 of 18
Subject: Re: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/15
Message-Id: <4ncumt$7h5@nntp1.best.com>
Article Segment 4 of 5
(Get Previous Segment)
(Get All 5 Segments)
The Year 2000 Migration Factory
The year 2000 assembly line begins with automating the process of identifying all of the
date field locations in every application in the business. Conceptually, simple, automated
impact analysis becomes rapidly complex in practice because it must address all
platforms, languages, JCL, utility control statements, database definitions, screens and
reports. It is essentially a statistical game where the winner succeeds in finding every
system component with a date issue and obtains the data needed to quantify the problem
and the plan for the personnel and system resources necessary to solve it.
Ideally, output from automated impact analysis will feed an equally automated change
process. This process automates the creation of data file and database conversion
programs as well as the management of the interdependencies between applications and
programs.
In every organization, multiple common files are shared or passed between applications.
Many of these will be impacted by the year 2000 change. As a result, for example, before
converting system A, there must be some type of bridge program between the output of
system A and the input to system B that enables both systems to interact during that critical
time when year 2000 conversions have been applied to only one of the systems. Adding to
the complexity are interactions with multiple systems. This forces bridge programs to be
created and, later, removed from the operations process as additional applications are
migrated. Automation is the only means to simplify this intricate control problem.
The year 2000 factory assembly line includes a large number of repetitious tasks that are
performed on a very large number of objects. If, for example, an organization's program
inventory includes 10,000 program modules that require year 2000 migration, there can be
anywhere from 20,000 to 100,000 issues that must be identified and resolved. Effective
coordination of the factory workers addressing those issues demands automated project
and workflow management.
Also key to the success of the year 2000 factory is the continuous improvement of all of the
parts_the workers, the process and the automation. With every group of application
programs that goes through the assembly line, information is gained. Automation, most
effectively in the machine-centric factory, is the key to identifying organization and
application "patterns' and standards which can then be leveraged into migration worker,
process and automation improvements.
The Hype and the Reality
The year 2000 problem has received a tremendous amount of hype recently _ and yet the
reality is even bigger. According to recent survey results in Computerworld "fixing the year
2000 problem will cost large corporations from $5 million to $50 million." Taking a larger
perspective, the Gartner Group in Stamford, Conn. estimates that the problem could cost
somewhere between $400 and $600 billion globally.
Currently, the harsh reality is this:
ú Most systems are not compliant and will fail and systems claiming to be compliant may
not have been thoroughly tested
ú Packages and system software are just as vulnerable
ú All platforms, languages, databases, and external data feeds must be analyzed for
compliance
As with any large-scale IS crisis, the first step is to make a thorough assessment of the
situation, then develop a strategy, enlist qualified help, set priorities, and get to work.
The Bottom Line
The year 2000 poses an unprecedented challenge to IS organizations. It is critical that it
neither be underestimated, nor dealt with as "just another bug-fix." The good news is that
modern methodologies, fully automated and combined with proven application system
migration technologies give businesses a workable blueprint to build the machine-centric
software migration factory that can ensure business-critical applications are fully functional
and compliant before the Year 2000 Grim Reaper knocks on the door.
__________________________________________________
Article 15 of 18
Subject: Re: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/14
Message-Id: <4na0up$2uf@nntp1.best.com>
References: <4n8q3o$d2s@news.nstn.ca>
Organization: Best Internet Communications
Newsgroups: misc.invest.canada
check back up the thread,
lite-nin, and you will find each of
the original questions answered but
just to keep it real slow and low and anal
ask away and I'll answer 1 2 3, again, what ever
I legally can.
P.S. Peter, you confuse liquidity with trader
agenda. We can't be illiquid and trade 2 or
3% of the float daily. What you are seeing
is the confilict of traders with an agenda.
If you can't figure this out or who these people
are give me a call at the office and I'll give
you a free lesson. Knowledge of the basics will
help your trading.
________________________________________
Article 16 of 18
Subject: Re: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/13
Message-Id: <4n7iop$2ld@nntp1.best.com>
References: <3196DD8C.198A@cgl.ucsf.edu>
Organization: Best Internet Communications
Newsgroups: misc.invest.canada
I thought I had answered the questions.
As we sign more 2000 business you will
see the press releases and as that business
is completed you will see the revenues. This
quarter's revenues and earnings are a reflection
of business signed months earlier.
___________________________________________
Article 17 of 18
Subject: Re: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/12
Message-Id: <4n40tq$qd8@nntp1.best.com>
References: <4n2oei$pf3@news.nstn.ca>
Organization: Best Internet Communications
Newsgroups: misc.invest.canada
> pyu@yorku.ca (peter yu) writes:
> patdit@best.com wrote:
>
>
>
> >Nice to be noticed.
>
>
> >One guy says:
>
> ok pat. Why is it you think so highly of this company. The people in
> the industry are aware of forecross and others are using the
> competition and consultants. Can you explain in one clear sentence
> what it is you have that others don't. And why is it that the
> revenues are so low when all the major corporations are beset with
> such a costly problem. DDIM reported quarterly revenues of $2.5
> million and FRX.U has $600,000.
>
> When are we going to see the revenue growth? If it's a billion dollar
> problem and you have the best solution , why hasn't IBM or Microsoft
> or Computer Assoc. beaten a path to your door. The market cap is
> only $40,000,000. This is pocket change to IBM. Gartner group
> says it's a $300 billion problem. If you have such a great product
> one could logically assume they would takeover forecross.
>
> What is it going to take to get this stock to $20.??????
>
>
>>>>
In one clear sentence: Over ten years experience with automated
migrations ad a long list of customers that includes some of the
biggest and best companies in the world.
Revenues: Best quarter in our history. Note that our EARNINGS were
ten times the earnings of company x. (accoring to our press release
and the Barron's article)
As to take-overs you will note that the founders control enough stock
so as to make a hostile take over virtually impossible.
What will it take to get the stock to $20? Buying. Do you see it in our
day to day trading?
I am happy to answer most reasonable queries, but I must note the
general low level of this discussion. How linear. How unimaginative. How
amateur. How obvious.
Every day I talk to people who trade our stock in size from a few hundred shares to
a few hundred thousand shares and it always amazes me to see how much
better some people are at projections and connecting the dots than others.
Like I say that's what makes a market and time will tell all. Have fun. I am.
_______________________________________
Article 18 of 18
Subject: FORECROSS - That's what makes a market
From: patdit@best.com
Date: 1996/05/10
Message-Id: <4n049l$ebe@nntp1.best.com>
Organization: Best Internet Communications
Newsgroups: misc.invest.canada
Nice to be noticed.
Here are two posts and two different
decisions based on the same material.
The difference is what makes a market. When you buy a stock thinking
that it is going up you are most likely buying it from someone who believes
with equal conviction that it is going down. As always time will tell and in
a market this fast it probably wont take long.
Forecross' float is around 5.5 million shares. The market has traded
almost the entire float in the last 6 weeks on strong buying.
The market continues to trade almost 2% of the float daily. This volume
dynamic is off the scale for those that can read just these numbers.
My stance is known and my packaging is one of my little
indulgences.
Pat Dittmar
One guy says:
>
> I spoke to the investor relations contact, Pat Ditmar, the other day.
> He is unbelievable. I mean that in the truist sense of the word. I'm
> not sure what to make of this situation. Call him yourself you may
> never forget the experience!
I also called him and got their 36 page fax. It really looks
impressive and Pat Ditmar is very very bullish on his own company. I
decided to buy 1000 shares and believe that there is quite some upside
potential.
Another investor takes the same material and decides:
>
>I spoke to the investor relations contact, Pat Ditmar, the other day.
>He is unbelievable. I mean that in the truist sense of the word. I'm
>not sure what to make of this situation. Call him yourself you may
>never forget the experience!
>
You are right - unbelievable - is an understatement.
I called - so did my brokers.
My brokers don't like the situation. Given that I have sold my position
today. End of story. Why is it that most people who call this guy get
treated like that?????? How do they expect to make it in the market???
so I simply say again:
The difference is what makes a market. When you buy a stock thinking
that it is going up you are most likely buying it from someone who believes
with equal conviction that it is going down. As always time will tell and in
a market this fast it probably wont take long.
Forecross' float is around 5.5 million shares. The market has traded
almost the entire float in the last 6 weeks on strong buying.
The market continues to trade almost 2% of the float daily. This volume
dynamic is off the scale for those that can read just these numbers.
My stance is known and my packaging is one of my little
indulgences.
____________________________________________ |
