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Technology Stocks : VIAS VIASOFT & THE Y2K PROBLEM

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To: michael tantleff who wrote (1743)10/6/1998 1:07:00 PM
From: TEDennis  Read Replies (1) of 2067
 
michael: Sorry, I'm not a financials kind of guy, so couldn't come up with a "hard book value". Somebody on this thread calculated around $5.15 not too long ago. It's probably less now because of the losses ... say $4.50? I'm sure somebody else who can make sense of those silly financial reports can answer your question.

Their annual maintenance base should be attractive to any company that would be looking to acquire assets and a revenue stream. That's a Computer Associates (CA) trademarked approach. Not a bad outcome, if you ask me.

The intangibles are what's valuable here. How do you put a value on software? Their programmers' productivity product set, Existing Systems Workbench (ESW) is well respected in the mainframe arena. My own very biased opinion is they have the best tester/debugger in the market. Or at least they did. I haven't paid much attention since I retired. Imagine that!

I hear rumors that expenses are way out of whack and need to be controlled. That's typical of a small company trying to play in the big leagues. Perhaps the layoffs will wake everybody up to that. However, if that is indeed the case, management is at fault for not recognizing the problem earlier.

This company is trading at less than when it went public ($4.00). That was before all the Y2K hoopla. Is it worth less now than it was then? I seriously doubt it.

I'm tempted to buy in bigtime here, but after having been burned by PTUS, I'm sitting on the sidelines. Note that I'm not comparing PTUS to VIAS' situation ... I'm just shell shocked and a little gun shy.

Regards,

TED
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