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Technology Stocks : VISIO Corp (VSIO): Big ISO 9000 Play

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To: Dan Spillane who wrote (21)12/8/1996 2:29:00 AM
From: Kashish King   of 522
 
I have used VISIO on several occasions and found the simplicity rather refreshing. I liked the idea that it targeted a simple task which it performed and perfomed well. As for the stock price, it certainly isn't cheap and I would say fully valued. So what we have here is an excellent product and a stock value that reflects that and which has done very well for its shareholders.

I recently made a substantial investment in Micrografx which has been beat-down below $7 as a result of flat earnings, still making money and hasn't had a loosing quarter in a very long time. I also purchased their FlowCharter product which is an "advanced" tool for business diagrams and certainly useful in meeting the requirements for ISO9000 compliance.

Here is the upshot of this Dan. MGXI will be releasing several new products this coming quarter including a fully integrated 3D capability. FlowCharter is a serious product with the potential to capture part of this market and with MGXI's market cap of 60 million I really think it's a good value. It's trading in the $6 to $7 range with a PE below 15 based on earnings estimates of 45 cents.

So, we have the clear winner in this product category thus far up against mere potential. The key here is that MGXI will do fine regardless of FlowCharter's success so playing both MGXI and VSIO seems like a good investment idea, especially for those lucky souls already in the money with VSIO. BTW, FlowCharter has some very neat features worth taking a look and is now my fist choice as a diagramming tool, regardless of my investment positions.
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