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To: Ploni who wrote (13208)	12/15/1999 7:44:00 AM
From: Dale Baker	Respond to of 118717

I found they trade on the BB as ENVFF for now (like CRY.TO uses CYPLF pending their NASDAQ listing). I need to look at Envoy in more depth; I was bothered by the CEO crowing over larger absolute gross margin figures when the figure actually dropped as a percentage of revenue. New topic - big ERP software companies should do well after Y2K: New Projects Should Rise After 2000 By BARNABY J. FEDER (NYT) ith several weeks to go before Year 2000 computer problems are most likely to be widely apparent, some pollsters and survey takers are already beginning to ask, what next? Computer companies and the consulting firms that advise them have been particularly interested in asking their customers for information about how much Year 2000 has affected investment and when the floodgates will open for new projects. The latest such study, released late last week by PricewaterhouseCoopers, reported that companies with more than $100 million annual sales would spend 20 percent of the information technology budget this year on Year 2000 preparations, that budgets would rise next year and that 40 percent of them would be working on major software projects that had been deferred because of Year 2000 preparations. In a clear sign that such companies expect only minor Year 2000 disruptions, the survey found that 73 percent planned to begin rolling out their deferred projects in the first three months of next year. "What we are seeing here is pent-up demand," said Lynn Edelson, head of Pricewaterhouse's operational and systems risk practice in the Americas. But Howard Rubin, a consultant and researcher in Pound Ridge, N.Y., who has been following Year 2000 work at large companies since the mid-1990s, said that Pricewaterhouse's data, gathered in October, was probably already out of date. The percentage of large companies spending 30 percent or more of their information technology budget on Year 2000, for example, has fallen from 20 percent in September to about 14 percent in Rubin's latest research as more companies finish their work under budget. Over all, Rubin said, the companies, which generally have revenues of $2 billion or more, spent just 8.4 percent of their budgets on Year 2000 this year. Many of them made large investments in e-commerce suggesting that whatever pent-up demand exists is probably greater in middle and smaller-size companies that devoted a higher percentage of their spending to Year 2000.