Jeffrey, you recently posted a message on the "Year 2000" thread about this company, and I looked into it a little more, as I am always looking for new Year 2000 plays.
Since CLCK has no web site yet, I looked at the form 10K you provided a link to. Based on this, I determined that CLCK does not actually fix code for clients (which is what I expect a "Y2K company" to do), they offer a "service" that is y2k-compliant.
"Specifically, to address this problem the Company has installed newly
acquired banking software systems, licensed from The Kirchman Corporation, an
unaffiliated third party ("Kirchman"), that provides a solution to the Year 2000
dilemma. The Company's new banking software is certified by Kirchman as fully
Year 2000 compliant, and, therefore, a solution for other companies which are
facing the need to solve this impending crisis. These software upgrades are
system and application functional upgrades. However, no assurance can be given
that all Year 2000 issues have been solved by the acquisition of this software."
So I went to kirchman.com
It seems Kirchman is the one of the largest vendors of banking software in the world, with thousands of clients.
So I don't really see how CLCK has much of an advantage in the y2k arena. Most of their competitors are probably already using this software.
I also share the concerns re the 10K voiced in post 108 by EdRoofGuy via zebra 365. I will keep my y2k investing dollars elsewhere for now.
Kevin |
