To: 4 - Bob who wrote (11933 ) 10/25/1999 5:14:00 PM From: Richard James Read Replies (2) | Respond to of 15145
Copped from Raging Bull message board <<Should be good. Already PROFITABLE! Good clients Street Comments: 10/11/99 -- The deal is already "white hot". 10/22/99 -- The deal remains "white hot". 3rd Party Recc. S&P Emerging & Special Situations-rates the deal a "buy", because it provides consulting answers to complicated networking solutions, increasingly facing a larger percentage of business enterprises. With application needs across web-based platforms increasing in complexity, firms like "Bear Stearns, Qwest Communications, Lucent Technologies and Nortel Networks" have become customers. With only nine offices, they are already projected to turn profitable in 1999. 9/16/99 Predictive System-PRDS is a FLY IPO of the Week 10/25/99 WorldFinanceNet.com-"Network development consultants The increased scope and complexity of communications networks has given rise to a new breed of specialized consultants. They specialize in the design and maintenance of large networks. This has become a rapidly developing industry which is expected to rise from $12.1 billion in ?98 to $25.5 billion in ?03. This is a rapidly growing firm which has grown at a 43.3% rate with 1999 revenues forecast in the $40 million range. With 280 consultants on staff, the firm has client relationships with Allied Signal, Ascend, AT&T, Bank of America, Bear Stearns, Bloomberg, Lucent, and Pricewaterhouse Coopers. While we like the firm?s growth, it?s client list, and apparent expertise in the field, there are concerns about this sector in general. Services are labor intensive and highly dependent on the availability of skilled engineers, which are already in high demand. Its also a highly competitive field dominated by well known consulting firms and myriad "mom?s & pop?s". We?re also concerned by the relatively modest levels of revenues per consultant during 1Q?99. The market appears favorably inclined towards this sector and pre-offering demand has been reported as strong and increasing. So despite our reservations about longer term fundamentals, we believe this deal will enjoy a positive early market reception. Expect a moderate 46%-60% first day followed by volatility." 10/25/99 PRDS is rated strong buy for all but hairless males form red planets.>>