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I was referring to the prospective merger, not organized labor. I apologize for this and any other ambiguities in my messages; they are unintentional. I'm not writing poetry after all. I'm not familiar with the billing and customer care sector; although my ignorance did not prevent me from taking a position in DOX late last year, for which I am unabashedly unapologetic. I became interested in them for several reasons. First and foremost among them is that in the nature of their product they are taking a more forward thinking approach technologically than their competitors. I quote from a case history on their website: "The Amdocs WIRELESS/FAMILY of products is the only Customer Care and Billing system based totally on the use of new technology UNIX-based client/server platforms with the proven ability to handle large-scale volumes required in today's markets. In addition, rich functionality, system integration, and the top-to-bottom client/server approach provide productivity gains and cost reduction simply not available with legacy mainframe solutions." The results of their brief operating history are superb; the industry they operate in (mobile telecommunications) is growing and will continue to grow at a rapid pace, inspired by the wave of market deregulation sweeping the globe as well as technological advances making mobile communications more accessible to more people than ever before. (An analyst sometime in January reported in an interview with Dow Jones Newswire that DOX hired substantially more people during the fourth quarter in its drive to expand than he had predicted. If memory serves, the numerical difference is something like 250 new hires versus 170 predicted. These numbers may not be precisely accurate but their relative magnitude is. Anyway, I got the impression that the company is active and vital.) And last but not least, this company's relatively nascent existence as a publicly owned institution and what I perceive to be a general lack of awareness about it influence me to believe that greater opportunity may lie here because of its pristine state undiscovered by the greater financial community. Digitom, I would appreciate any enlightening comments you might have to make about DOX in particular and its sub-industry more generally. If you are a fellow shareholder, I empathize. Join me in watching DOX's story unfold. |
