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Technology Stocks : DSSI/DATA Systems & Software

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To: Jimbo Cobb who wrote (572)4/14/1998 12:18:00 AM
From: jtechkid  Read Replies (2) of 1061
 
first, with how much dssi almost half of it is right offs on capitalized software costs-check back 10k's. the key is for dssi and technology is lead time and spending money to upgrade technology and imo dssi just wanted to cash out of phd at this point focus on meter reading business and stop spending money on the division. also, people forget all the money dssi writes off helps here because they don't have to pay taxes on the gain i believe. the fact is the company is worth minimum 10-15 right now but nobody cares they stare at stock prices and hope. they sold phd at 2x sales--if they sold their other business at 1x sales and sell tower at 10 dollers per share plus their interest in dsi israel and the moffett group you get over 10 dollers per share-thats valuating converge at zero. check out cmgi is another holding company i own and i mentioned numerous times as a comparison to dssi. cmgi was up 20 dollers in the last two days.don't believe the market its full of sh-- you could have bought cmgi all you want between 10-13 now its 93 dollers and way overvalued. i love holding companies because wall street always screws up its value. i mean do the math -dssi owns 3.26 million tower-computer business-37 million in sales-fair value 1x sales-low end-10 million in cash(sale of phd and money from geotek) dsi israel and mofet fund-converge value of zero? that alone is worth 80 million plus -assuming tsemf would be sold at 10 and converge at zero-or value of dssi 11 dollers per share. i mean this is a steal.

tower 3,26 million shares-sell at 10=== 33 million computer business -37 million in sales-1x===37milliom 8-10 million in cash 8million converge -mofett and ect ? 7.8 million shares fully diluted ===10 dollers per share i do not believe tower is worth 10 since the rumor is that dssi turned down an offfer of 17 dollers and ibelieve converge is worth 50-100 million right now.just giving you low end numbers. good luck
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