Carnegie Group CGIX (READY FOR A MOVE?) Message Board

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Technology Stocks : Carnegie Group CGIX (READY FOR A MOVE?)

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To: Sethpop who wrote (63)	6/13/1998 6:51:00 AM
From: Thomas	Read Replies (1) of 110

Seth. I am with you. I bought CGIX because I believe it is undervalued. However, not without some good reasons. It is a small company with largely "incestuous" carnegie mellon management & board (effectively entrenching its independance, and making an acquisition take out less likely). There are definitely some transitions going on at the company, and in the wake of the contract problems last year and the layoffs, it is facing a real risk of substantially increased consultant turnover. It has left a bad bad taste in the mouths of the few analysts who cover the stock (majorly disappointing at least twice). So, I think we willl continue to wallow here until management posts a couple more solid quarters and/or does some more acquisitions. So, while I agree that the company is cheap, it will take a while to regain confidence and rejoin the sector multiples. Cheers, Thomas

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