Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (68046)	10/12/1999 1:15:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Heinz, DDIM has not absolutely proven that they can execute post Y2K.... but they should be able to. Some analysts feel that they will business going forward the next few years. I am going to research them more. If you see anything pass it along to me ... check out this Profile from Wallstreetcity.com ************************************* Data Dimensions: IT Penny Stock Looks Beyond Y2K by Chris Connor Data Dimensions {DDIM} provides a range of Information Technology (IT) consulting services such as applications and infrastructure outsourcing, quality assurance and testing, and applications integration. DDIM appeared in the October 11th ProSearch run of Low Priced Value Stocks with Rapidly Growing Sales. Data Dimensions has a price to book ratio of about .68, indicating that the stock could be undervalued. Theoretically, investors could buy the stock at its current price of $1.50 per share and get $2.25 per share in return, were the company to liquidate all of its assets and distribute the proceeds to its shareholders. Unlike most other penny stocks with low price to book ratios, Data Dimensions has grown rapidly over the past six months. For the six months ended 6/30/99, revenues rose 33 percent to $64.5 million while net income increased 24 percent to $3 million. The biggest increase in revenues was in the field consulting and outsourcing services area - which was fueled primarily by Y2K problem resolutions. However, analysts feel that the company will continue to grow after the year 2000. They feel that the company will grow earnings at a rate of 25 percent per year over the next five years. Data Dimensions will now focus more tightly on its existing non-Year 2000 oriented services - including quality assurance and testing, and data center and application outsourcing - in an attempt to offset declining revenue related to the alleviation of problems surrounding the Year 2000 issue. Data Dimensions has also introduced new service offerings to drive growth beyond Year 2000 work. These new services include enterprise integration and healthcare-specific consulting. The company also has an extremely low price to sales ratio of .16. Most of those sales came from Y2K projects, so they have less meaning than they would were they related to normally recurring issues. It seems that concerns over the company's direction after the new year have practically killed the stock DDIM now trades near an all-time low of $1.38. Speculative investors may want to further research this stock before considering Data Dimensions a viable investment prospect.