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Technology Stocks : edusoft (EDUSF)
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To: Arch who wrote (208)5/14/1998 10:46:00 PM
From: Frank Gasker  Read Replies (1) of 272
 
Arch,
Once again Edusoft puts up.
Edusoft CEO Hasfari has again demonstrated the leadership required to grow this company. The optimism displayed throughout Q1 by management was not without foundation. Margins remained at 80+percent with unexpected revenues gains well above my expectations. I was expecting a .01 to .02 cent increase at best earnings rise in my posted projection. Would not expect Edusoft to beat the next 2 quarters although there is greater likelyhood with this nice topline growth in the existing product line. With continued success in present ESL offerings, Q3 debut of "MY First English" will be like fuel injection to growth. All parts are in place to a successful business plan for 98.
As you know Arch I have questioned receivables previously(conference call) and like the idea that collecting them is a priority. 2 million received since march 30. MFE has slipped to a September release date. This is not uncommon and acceptable provided further delays don't develop.
The lack of a burst in share price is no surprise either. Considerable resistance has been built above these levels. The last 2 quarters has seen sell offs at announcement. I think investors are hesitant; wanting to test sentiment. I sensed heavy selling pressure today but unlike the last 2 quarters it appears Edusoft held. (at least today) I would not expect to see further weakness but with this stock it's possible.
I am confident an equity sale will transpire during 98. As you know, Edusoft has been approached by many large entities only to face "sticker shock" at the price. With demonstrated and continued growth, new products and a dedicated management team, buyers do emerge for quality gemstones.

gfrank
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