It's my understanding that Egan is the link for IMOT to get into China. If this is the case, Sell your IMOT and buy Egan, as IMOT president is going to become president of Tech2020, which Egan holds 51%... (What's that smell?) Here's your chart on EGAN: bigcharts.com
I'm short at 9 3/16 and am going to sell more tomorrow morning. The last paragraph below states a possible revenue increase to $100 million in 3 to 5 years - is this US$, or Chinese food stamps? GIVE ME A BREAK! That much of a percentage increase is just way too rosy for me. I just can't see a company making 100-200 grand a year in '98 increasing to $100 million by 2003.
Management should lay off the poppies, they're opium, you know. See you on the short side.
<<Tech 2020, in which Egan holds a 51 percent stake, will work on
upgrading and technical support of computer systems in China with an
initial focus on problems caused by the year 2000 problem.
Following the appointment of Intermost , Egan announced Intermost
president, Jun Liang, will be president of Tech 2020, Andy Lin will
become chief executive officer and Edward Egan, president of Egan
Systems, will be chairman of the board as well as US director.
Egan Systems, a specialist in the COBOL computer language, announced
the formation of Tech 2020 earlier this week and said it expects the
venture to record revenues of $100 million within 3 to 5 years
(Newsbytes, August 11, 1998).>> |
