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Nanda - y2k sector problem is that companies are not stepping up to the plate (SEEC, CMND, KEA, etc.) and write the check because their y2k expense will affect their bottom line. If this is true, we should see y2k-expense related price adjustment in client companies' stocks. Companies with cash (SEEC, CMND, IMRS, CRYSF, COGIF, etc.) will easily grow their non-y2k business and will do well after year 2000 because the programmers and migration to web-based system (Data wharehousing, SAP, BAAN, Supply side mgmt, etc.) are in great demand. KEA, IMRS, CBSL, CMND, SEEC, COGIF, etc. are already cross-selling services in this area. These are (3-5 years) long term contracts. Some short selling may go on for a while to take advantage of the earnings fluctuations. That is fine. When earnings start to show at the bottom line, these companies will do well on their own or will be bought out for their cash holding as well as their earnings stream. Ram |
