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Non-Tech : InvestRight Club Challenge
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To: rbarsom who wrote (190)2/23/1999 12:47:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 2662
 
Any idea how far away EVOL is from some more big contracts? The technical situation is weak but I like the ties into big names in the industry:

Evolving Systems, Inc. provides Operational Support Systems software solutions to telecommunications companies. For the nine months ended 9/30/98, revenues decreased 4% to $28.9 million. Net loss before extraordinary item totalled $7.4 million, up from $146 thousand. Revenues suffered from the completion in prior months of certain major LNP projects. Higher losses reflect increased spending due to staff increases related to MetOSS product development projects.

biz.yahoo.com

Please pass along any other due diligence you can share with us. I have too many telephone numbers already.

Thanks, Jeff
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