Sapiens International Corporation (SPNSF): Turn around...? Message Board

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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: Frank Mah who wrote (1596)	5/11/1998 2:15:00 PM
From: Walk Softly	Read Replies (1) of 1936

Frank... good catch, but this has been a well known element of their financials for about a year.... SPNSF quickly converted the preferred (floated to cover the lawsuit settlement) because of the drain on cash.... even with this interest savings, Jim Friedland of Bleichroeder, who maintains the most comprehensive model on SPNSF, only expected .01/share... of course maybe only Jim believed this... he had me sold and the analyst from Dean Witter... maybe the market knew better or was speculating... anyhow, I agree with Robert Allen that this issue will soon surface above 10...... when the analyst recs kick in will have mid-teens.... still the most unappreciated Y2K stock out there.... with lots of other product offerings... Y2K just a sales tool.... just so happens they have a lock on Assembler compliance and the best debug system in the business... SPNSF has lots of cash ($24mil) and is ready to make lots more money... without any additional financing... they will have $0 (zero) interest expense past the frst quarter.... Craig

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