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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (7647)	6/9/1999 10:42:00 AM
From: Country Tyme	Read Replies (2) \| Respond to of 108040

Today's Great Pick is: DOCU Company Name: Docucon Recent Price: .625 (5/8) 52 Week Low: .438 52 Week High: 2.252 Float: 2.7 Million Docucon provides the automated conversion of source documents into electronic form. Docucon. also sells software products to the legal market. Docucon is a leader in high-volume conversions of electronic, paper and micrographic documents to optical and other types of storage media for use in document management systems and internet applications for customers in the federal and commercial markets. Docucon announced on April 22, 1999 that an Equipment Management Directorate at Kelly Air Force Base has ordered the conversion of equipment technical manuals, known as ''Technical Orders (TO's)'', with a new order to Docucon for $472,500. A spokesman for Docucon indicated that the work will begin immediately, as the documents to be converted have already been shipped to Docucon's production facilities in San Antonio.'' These TO's are used to support critical aircraft overhaul and repair, as well as equipment modernization. This is a very substantial contract that should affect the price of the stock positively. Before this contract announcement, the stock price had suffered a downward trend in recent months, despite a recent emphasis on sales and marketing. We feel this is what makes the price of this stock attractive...from January to mid-February 1999, the stock price of DOCU hovered around $1 per share. Then, after the stock price had dropped into the high .70s, Docucon announced a $400,000 contract with the District of Columbia to convert critical paper records to digital files. A company spokesman reported thatKPMG LLP, the prime contractor for this project, plans to load these records into a document management system developed by FileNET Corporation, which KPMG is installing for the customer. The project will begin with the shipment of more than 1 million pages to Docucon.