Here's a pretty good piece on ACLY,
THE YEAR 2000 PROBLEM
By Jim Moore of year2000stocks.com
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Decelerate or Accelr8? The Answers Lie Ahead!
It was just a little over 1 year ago that I had an incredible
opportunity to attend a national Year 2000 Exposition in Dallas TX
where I heard some of the worlds greatest technological minds discuss
the year 2000 issue. Another gentleman that I had the opportunity to
meet was Thomas Geimer, CEO of the Y2K company, Accelr8 Technology who
laid out before me a very impressive business plan about the needed
remediation of certain systems. According to Mr. Geimer there were
approximately 90 billion lines of this type of code around the world
that would need some sort of testing/remediation process.
Recent days have not been kind to this company's stock price as like
so many others in this group there has been quarter after quarter of
an earnings per share shortfall. Personally I believe this is because
many, many companies around the world are still not addressing the
seriousness of this Y2K issue, therefore orders for software and
services have continually been delayed in coming in. It is also my
opinion that those individuals and companies will be standing in line
waiting for companies to be able to fit them into their schedules.
According to its recently filed 10k, ACLY boasts of customer names
like Intel, Chase Manhattan, Ford, Delta, Raytheon, Dow Chemical and
several government agencies such as the U.S. Navy, Army and NASA!
Looking forward, things could get interesting for this company. Wall
Street currently has one "buy" rating and one "hold" rating on this
company. The company's potential for future success will hinge on its
business strategy which is based on numerous issues such as a
near-term focus on the Year 2000 market, commercialization of the
company's Windows NT conversion tools set, the development of new
products and services, successful outsourcing, and expansion of its
international marketing. Can they do it? Maybe it can be best summed
up by a quote from the recent 10k that states, "the company's future
operating results will depend on its ability to expand its services
organization and infrastructure commensurate with its expanding base
of customers and on its ability to attract, hire and retain skilled
employees." The future for this company will be interesting and the
necessity for numerous types of Y2K remediation should give it the
potential to prove itself one way or the other.
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