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Technology Stocks : SEEC, Inc. (SEEC)
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To: Nanda who wrote (686)7/2/1998 3:46:00 PM
From: P. Ramamoorthy  Read Replies (2) of 1031
 
Nanda - Welcome back! Give the benefit of doubt to SEEC and CMND. We know how these contract documents are done and when revenues are booked by companies. There is definitely a lag period.

(In the case of PTUS, their sales dept. was out of communication with operations. They had to get a new VP for sales. We do not know of SEEC and CMND having such problems.)

SEEC and CMND do have problems of being a small company with small float, but they try to make up through alliances with IBM, CBSL, VIAS, etc. They are not like CBSL or IMRS or KEA with thousands of workers. I hope that Ravi Koka and Caputo are consciously making the effort in getting legacy system migration/conversion, maintenance, as part of their y2k contract. This is a question I'll ask Ravi Koka at the annual meeting because this is where they are all (IMRS, CBSL, etc.) are heading. This is where earnings will come after year 2000. There is a shortage of people too. A single qtr does not tell the whole story.

At prices close to cash/sh, SEEC and CMND prices are not so bad compared to internet stocks that are valued at $2000+/subscriber with no income. Earthlink at 87? Yahoo?

Long term (beyond year 2000), Ravi Koka and SEEC will do well. SEEC has products to sell and license revenues to book. Their margin will not top out by the number of "able bodies" available for hire. Ram
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