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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (6606)	1/10/1999 3:10:00 PM
From: Mike Perras	Read Replies (1) of 90042

Hi Tim: Like you I have some IOM, many are trying to keep it down that's for sure .. so far people seem positive about 4Q results on the 21st. For any Canadian fans, here's a pre Monday earnings report FYI .. INTERNATIONAL DATASHARE (IED:TSE $0.42) <http://www.datashare.net> The company has released 1999 2nd Qtr Results (ending Nov 30/98) this weekend which will be on the wire service Monday morning. Results are very positive and particularly so when you consider the past 6mths has been one of the worse times for the oil/gas industry in years. Sales for the 6mth period are $3.1 million and an increase of 156% over the previous period in 1997. The company has also achieved an increase of $841,800 in operating income over the prior period. The full report to shareholders is expected to be on the website by Monday but a few important excerpts are below: "IDC will no longer be presented to the investment community as simply an oil/gas service company. For the past 4mths we have been quietly working to create the basis for changing the way the investment and customer communities view IDC. A new, more proactive I/R program has been designed and the company has revamped its products and services marketing approach with a focus on Total Information Management." "This strategic acquisition (Docuserve) brings with it substantial expertise in high speed document scanning, indexing, and OCR as well as a wealth of major customers in fields other than oil/gas." "Possibly the most exciting news has to do with Intellectual Crystals... the company plans to joint venture the development of these products in order to maximize its revenues from this value-added service." Total revenues for the year ending May 31, 1998 were $4.7 million. After its slowest typical 6mths, the company is already well on it's way to surpass this number. A year ago when the company was still in the expensive software development stage and losing $100,000 per month, the stock was trading at $1.30 ! Cheers, Mike

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