To: Dale Baker who wrote (15567 ) 2/9/2000 11:51:00 AM From: ShenValleyBill Respond to of 118717
SCAI...I agree it has been erratic. I listened to the CEO recently discuss how fast they are growing especially overseas. Most of the contracts get no publicity until the job is complete and the bank makes the announcement. SCAI is the behind the scenes service provider for bank transactions. I have a core position in my retirement account and a few days ago bought call options. I'll either sell those for a short term gain, or exercise the options if I want to hold for a longer term. Following is the business profile from Yahoo: Business Summary Sanchez Computer Associates, Inc. designs, develops, markets, implements and supports comprehensive banking software called PROFILE for financial services organizations worldwide. The Company's highly flexible PROFILE family of products is comprised of several integrated modules, which operate on open, client/server platforms. The principal product is PROFILE/Anyware, a highly flexible, multi-currency bank production system that supports deposit, loan, customer, transaction processing and bank management requirements through multiple distribution channels, including the Internet. This product family also includes PROFILE for Windows, PROFILE/FMS (Financial Management System) and PROFILE/ODBC. In addition, Sanchez offers a service called e-PROFILE.com, which is designed to provide financial service providers with the ability to offer differentiated direct banking services to customers through a dedicated e-banking service utility. Financial Summary Sanchez Computer Associates, Inc. designs, develops, markets, and supports comprehensive banking software for financial service firms worldwide targeting Emerging Banking and Direct Banking markets. For the nine months ended 9/30/99, total revenues increased 29% to $41 million. Net income increased 5% to $4.9 million. Results benefitted from increased service revenues due to the implementation of e-Profile in the U.S. marketplace, partially offset by higher staffing expenses. Regards, Bill