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Technology Stocks : SEEC, Inc. (SEEC)

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To: gerald tseng who wrote (748)7/5/1998 11:07:00 PM
From: P. Ramamoorthy   of 1031
 
Gerry - Flat 1-2 qtrs is due to ISLI revenue loss and not being successful in replacing ISLI revenue loss. While ISLI merger with MIFGY may be uncertain (due to unhappy ISLI stockholders), SEEC has a challenge ahead of them to improve their mgmt credibility with investors and earnings momentum that analysts anticipated.

It'll help to ask questions at the annual meeting to understand how their factory approach works and how it will generate revenues as the deadline approaches.

The expected release of web migration tools in July is adds a dimension to their post-y2k biz. Euro conversion tools offers yet another avenue for revenue for post-y2k. They are not burdened by labor costs, going into post-y2k biz.

With cash on hand, either they acquire someone or be acquired by someone or take it private, instead of buying it piece-meal.

Will CBSL buy them out at $15/sh or 2 SEEC shares/CBSL share - put SEEC's misery to rest? CBSL can lay their hands on SEEC cash ($30Million) and finance the deal. Ram
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