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Technology Stocks : DSSI/DATA Systems & Software

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To: Denice who wrote (696)	8/3/1998 7:15:00 PM
From: jtechkid	Read Replies (1) of 1061

NEWS-dsi israel will write off 4.7million in software expense related to its meter reading business which result in dssi taking a 7 cents charge for 1997 numbers and have no effect in 1998. i don't see why this hit the stock since dssi already publicly released this on june 4 to the market that it might have to write off capitilized software for it meter reading business in israel. if thats hurt it WHY was dsi israel stock up 2% for the day in trading. this company does not make sense. they should be doing a buyback or something to put confidance in the market. i love it think its a great opportunity because we will see bigger news like staten island in the near future. also, at some point you will haVE A METER READING RALLY because the industry is so large and with deregulation makes it a sexy story. kind of like year 2000 stocks or internet stocks. although, i wish morgernstern would have some guts to do a buyback or put some confidance in the market.

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