SEEC, Inc. (SEEC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SEEC, Inc. (SEEC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ratan lal who wrote (506)	6/20/1998 8:12:00 PM
From: Mike Milde	Read Replies (1) of 1031

<<AND I DO KNOW ABOUT THE Y2K PROBLEM. If that is the only hope we have OR that someone will acquire SEEC, then we are living on a hope and a prayer. Pray hard>> Calm down buddy. SEEC is in a good position. I've given my reasons before, but here they are again: 1) I have worked in the computer business for years. I can see that many large corporations have funding and mandates in place to ensure that all their software is Y2K compliant. I can also see that many are currently evaluating this problem and the spending to get the job done will ramp up very soon. 2) My wife works as an internal auditor at a large telecomm company and meets consultants that have done work at many other large corporations. She is fairly aware of the fact that Y2K spending is about to happen and that most banks and large corporations are way behind on this, but are mandating that all their departments make their software Y2K compliant. 3) I think we all know that millions and millions of legacy software is written in COBOL, an area where SEEC excels. 4) Many companies want/need to migrate their COBOL code to something else. SEEC is right on top of this; for Y2K and later. 5) It seems investors and MM's got hyper about Y2K, didn't see the earnings right away to back it up, and then got hyper about dumping the stock. Trust me, all tech. projects get delayed. Y2K is no exception (even though there is a fairly riggid deadline for this one.) My favorite stock picks are the ones that the big investors don't understand. Y2K was obviously misunderstood. There's nothing in SEEC's fundamentals to warrant a price drop from $37 to $10. They're right on track, just as planned. It's only investor's perceptions of Y2K that have changed. 6) SEEC has a proven product. That's very important in the computer business. Software is far to complex for people to just pull anything off the shelf. They will go with what has been proven successful and with what others are familiar with. There's always a kind of snow ball effect with new computer/software companies. As a developer, I completely understand why. You can't afford to go with a product that is unproven and one where there are only a few people in the world that understand it. That's much more important than trying to pick a product that is "perfect". Given that SEEC's earnings are growing mindboggling fast, I figure a PE of around 20 is excellent for a company like SEEC. The odds are in your favor. Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next