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Technology Stocks : SEEC, Inc. (SEEC)

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To: joe smith who wrote (293)5/22/1998 11:19:00 AM
From: Ron Sirch  Read Replies (2) of 1031
 
New Customers and Service providers

Wainwright's report states that end user customers during the quarter included Olan Mills, Avon, Lucent Technologies and the State of Washington. Ravi also mentioned the State of Michigan on the conference call. In addition, E*Trade's corporate profile lists a number of long-time customers along with some customer names that are new to my research. Great customers to have IMO: Lufkin and Jenrette Securities; Mellon Bank; and Deere & Co.

New service providers during the quarter include Motorola, DMT and PKS. I believe that brings the number of partners to 17 or 18.

Also worthy of note is that the report confirms that SEEC has "more than $5 per share in cash after its recent secondary offering." Continuing, Arnold says: "We believe that SEEC's shares are fundamentally undervalued given the company's recent performance."

I agree and have put some more money in at $11 per share. Where else can you find better value?

Looks like I'm the last one to get away for the weekend so I'll just turn off the lights on my way out and say I hope everyone has a great Memorial Day Weekend.

Ron Sirch
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