Docucon ( DOCU ) Message Board

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Microcap & Penny Stocks : Docucon ( DOCU )

DOCU 69.57

+1.0%

12:22 PM EST

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To: Willifred V. Cook who wrote (4)	5/8/1996 12:00:00 PM
From: David Rubin	of 510

Docucon has over the years perfected software for large-scale document conversion. When a new contract comes in, they merely tweak the software and its off to the races. With the big push for many companies to get into on-line services, the market for large-scale document conversion is sure to grow. Their other product is workgroup software for lawyers based on Lotus Notes. It is picking up a lot of support as the de-facto software for lawyers to use to share information about litigation. Docucon reported two consecutive profitable quarters for the first time in a long time, primarily due to elimination of a failed business. The last quarter's earnings did not factor in the $14M contract they received from the Department of Defense. The $14M contract alone is enough to give Docucon a string of profitable quarters for the next several years. Coupled with the increasing success of their litigation workgroup software, their outlook is fantastic. I got in at $0.75 months ago as they announced their positive earnings results. This one certainly looks to be a winner. As their profits continue to surge, look for this stock to be at least $3 by year end.

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