Thanks dodger,
That's good analysis. Not necessarily in reply to your post, but here are some thoughts I have on IAI:
Ever since the recent 50% drop, I've spoken to two managers at IAI who are on the Professional Services side of the company (i.e., not the Y2K side). I don't think either of these men were too clear just how involved I am in the stock market, which I mention because I think I got very straight-forward answers to my questions about how things are going at the company.
Basically, I got a confirmation of the key points from the latest PR, but also I came away with the impression that IAI really isn't who the internet (read: SI and Yahoo threads) thinks it is. For example, the suggestion that IAI dies after the year 2000 is ludicrous. Sure IAI does Y2K work and sure they want, and will take, Y2K work, but for those who think Y2K is the lifeline of the company, that just isn't the case. IAI, in a lot of ways, sees themself as a code conversion and migration company. The way I'm hearing it, that's how they perceived themself before the Y2K craze. Yes, their tools are presently used for Y2K purposes, and they've accepted the label that they are a "Y2K Company"--probably that's good marketing--but it's not the complete IAI picture at all.
No doubt IAIC is a long term play--I don't foresee any "spike up" on the horizon. But for those who think IAI is heading for the morgue, or whatever, I don't think they are seeing enough of the IAI landscape. Future quarterly reports will bear me out on this.
In a nutshell, that's my take on IAI.
Good luck all,
Chris |
