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Gold/Mining/Energy : MYT - Mytec Technologies
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To: Investor 007 who wrote (1104)9/23/1998 2:57:00 PM
From: Glen Abbey  Read Replies (2) of 1535
 
Thanks double oh! By complementary, I mean in a related technology business that is not biometric based. For example, network security consulting or implementation type. Mytec has many needs on the route to success. An ongoing revenue stream is a key survival factor and an emphasis on Counterforce may be a good one. I don't know that business and some of you have been critical of the potential there.

The other problem I see is that Counterforce does not target the same customers nor use the same distribution model as the biometric business. It is not a good transition strategy. I would prefer to see Mytec acquire another company that already sells to the banks and other biometric targets. The revenue base, customer relationships, and new management strength would be a great help to get through this period.

PS have not digested the Grecco news yet... but multiple resignations in this industry often are a signal that a company is about to be acquired!



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