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Technology Stocks : Whittman-Hart (MRCH)

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To: Michael Gleeson who wrote (15)12/11/1996 8:32:00 AM
From: Berle Hollaway   of 109
 
Mike,
Actually, the whole IPO and secondary offering are to be used for opening branch offices. They are currently opening 2 branches, Cleveland and Columbus. Their near term plans are to open a branch in Atlanta next year. They did open 1 new branch in Dallas already.
You were correct about not expecting a huge run-up in price. So far they have met all earnings expectations, let's hope they continue to perform with the same results for year-end.
Berle
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