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Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation
IAIC 4.280+12.3%Dec 16 4:00 PM EST
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To: _scott who wrote (1583)5/8/1998 9:55:00 AM
From: RikRichter   of 2011
 
I just received IAIC's 1998 annual report and proxy. I was very impressed by the professionality of the information exhibited and very pleased to see that the company insiders and Soros' fund are still committed to IAIC.

The annual report's letter to the shareholders lists five main objectives that were set last year:

1. Select the right languages and platforms for UNICAST/2000.
2. Select the right partners to seek out new Y2K business.
3. To create a solutions factory.
4. To put financing in place to fully develop their product line.
5. To attract a management team to grow with the company.

All of these elements are now in place and the company's goals for 1998 are:

1. Leverage IAIC's alliance with CA to make UNICAST/2000 the standard for CA's 4GL's date remediation.
2. Successfully offer factory services for Y2K projects and establish relationships for post-Y2K migrations and modernizations.
3. Seek additional alliances with systems integrators to bring in additional licensing revenue.

As noted in the proxy, the CEO still owns 1.902,800 shares (versus 1,918,200 one year ago) and White Rock Capital (Soros) still owns their 379,500 from this year's PP.

These are STRONG votes of confidence IMO.

Regards.

Elliot
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