Joe,
An excellent point that is good to always bear in mind. Especially with the way the price runs into a brick wall.
>>Cheap stock, good customer base, experience not only in Y2K but Euro...<< Just to remind you, there's more.
* ObjectPool is at the core of this business. This is where the company will experience growth, long-term. See the Transconnect deal for a start.
* There is also i.way.
Sapiens i.way allows you to:
Extend legacy applications and data on the Web.
Create new e-commerce and Intranet applications faster.
Take advantage of rule-based object technology.
Produce scaleable, integrated, cross platform solutions - from PCs to mainframes.
Extend the C/S world to include Internet, intranet and extranet users as clients - all using one common interface.
With ObjectPool and Sapiens i.way, you can make existing and new applications, including those with legacy data, rapidly accessible through the Internet; or an intranet or extranet. Sapiens i.way takes advantage of Dynamic HTML, Java, and other Web-related technologies.
* Sapiens majority holding in InsurTech was a good move that adds an extra dimension to the Company.
* Sapiens has announced $26.7 million in Y2K contracts since the beginning of December. Plus a $2.5 million contract with The Israeli Ministry of Labor and Social Affairs.
* The Transconnect deal with IBM is set to net 10-12 million over threceive a fee e next 5 years. From the website:
Sapiens will for each shipment transaction the TransConnect customer generates, and its share of the annual shipment fees related to the contract is estimated at $5 million over the next five years. In addition to the per-shipment fee sharing arrangement, Sapiens expects to earn $1.5 million in revenues annually from consulting services for the TransConnect offering.
There's a lot happening with this company. Wish they'd get busy looking after the shareholders, too.
Cheers,
Bond |
