Systemsoft Inc. (SYSF) Message Board

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Technology Stocks : Systemsoft Inc. (SYSF)

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To: burt l seifman who wrote (3278)	5/3/1998 10:25:00 PM
From: Jimbo Cobb	Read Replies (1) of 3529

Burt: You are correct. Some people prefer to live in a dream world not bothered by the little nuances of reality. By the way, did you notice that SYSF is over $4 million dollars in debt to Intel now ?? This goes back to all the funny accounting games SYSF played with the INTC R&D money they were getting for SystemWizard that they were used to blow away earnings estimates for a few quarters. When the Intel money stopped pouring in, it became obvious the company wasn't making a dime. And it really wasn't even true earnings since it was more like an up-front loan from Intel, expecting royalty payments in return later. I'll post an excerpt from the 10-K on the next note. Your FLSHF is looking pretty good...I am considering a purchase. Mark.

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