Glenn -
*** Off topic ***
y2k does not end on Jan 1, 2000. There 2 or 3 sectors to consider. (1) body shops (see y2k thread) - SYNT, CBSL, IMRS, CMND - most of US companies with fffshore facilities in India, Singapore, and Europe. They use y2k biz to cross sell their outsourcing services in ERP and SCM. ERP and SCM (Enterprise Resource Planning, Supply Chain Mgmt) contracts longer, typically 3-4 years. Cost of revenue (payroll, benefits, immigration costs, etc.) runs at 45-70% for these companies and Gross margin at 30-20%. They are proportional to head count. They are doing well. SYNT surpassed CBSL and IMRS. Their y2k biz is about 14% or so. The quiet period for CMND is over, IPO last month, and is likely to take off. KEA, US based outsourcing firm, is doing fine.
(2) Tool vendors - ACLY, CSGI, PTUS, CRYSF, SPNSF, COGIF, SEEC, MIFGY, etc. have to make their fortune in y2k licensing revenue (per line of code) hope to move to Euro conversion, etc. PTUS sales force made a blunder recently and the stock went down from 15 to 5 in a few days. Most stocks are volatile. MERQ and CPWR have testing facilities which will become crucial after the code remediation. ALYD offers a factory conversion approach and might raise a lot of revenues from blue chip clients - Aer Lingus, McDonnell Douglas, Du Pont, GE, British Airways, RJR Nabisco, etc. Check out these threads.
On QDRX, I share the same thoughts. Both FONR and QDRX have been disappointments. Ram |
