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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: Risky Business who wrote (1886)1/29/1999 8:57:00 PM
From: John Sikora   of 1936
 
Risky,

What is so interesting about the chart? In regards to SPNSF...yeah they have great possibilities but are in a transition period. I listened to the call as well and IMHO there is a bit of lack of visibility going forward. The unwillingness of management to quantify backlog and provide more clarity on the Euro deals recently signed was the one negative in the call.The only other negative is declining gross margins due to biz shift which in the long run is inevitable and a prudent move... Price action is to be expected as many of us had doubles in a short period of time...I will purchase some April options when and if we trade down to 8. Management needs to seal the IBM deal, and an e-commerce contract and prove that revenues will come through.Long term this stock will be fine... Small caps stocks in general are the dogs of this market...

john
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