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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Henry who wrote (276)	6/18/1998 10:31:00 PM
From: STICK	Read Replies (1) of 553

Patience is the virtue here. What has really changed with the company? The primary change in my mind is the delay in shipping the new photosuite 2. This will hurt revenues, but should regain in 2 quarters time. Microsoft/Adobe have not gained marketshare against MGI even against Photosuite 1. Tthis is is still a immature but exponentially growing market, photo that is . Video will follow 12-18 months out, with MGI having the potential lead in the retail market. The plan is still on schedule, but delayed via the product delay and the discrete mess. But $2 stock price. This is typical in technology. Overbought and oversold. MGI is inthe penalty box for 2 quarters. Should they be able to regain there stature, which the market still indicates ( not the stock market). I expect 2 fairly weak quarters, until the new product is out and established, but plenty of room for atleast a double over the next 12 months, easy.... For those who liked the stock at $6, fundamentally what has really changed? Adelayrd shipment which when shipped in the next few months, will make other products look like toys...

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