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Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (1333)	7/17/2000 11:51:10 PM
From: Jack Jagernauth	Read Replies (2) \| Respond to of 1571

I might be completely out to lunch here, but I bought some more GAC at $9.75 today. What's it going to be next, $7.50? Or, maybe I should take the dump's advice and hold out for 6 bucks. There is just too much negative sentiment right now to see much upside soon. Anyway, after 6 bucks, I hope we get some 'upside volatility'.

To: micromike who wrote (1333)	7/18/2000 2:21:08 PM
From: Doug	Respond to of 1571

Mike: It is not a case of next 2Q's. It is a case of Operating losses right thru 99. This is a Software Company employing run of the mill intelectual brick layers, sales force and System designers. In todays global economy there is no need to keep so many Programmers and System designers on the bench. What you need is a small team of Super system designers paid on a bonus for new Software sold and a team of bonus driven Salesmen for Accounts over $1m. Software development could then be subcontracted to India/Singapore where the productivity is 25% higher and salaries 50% lower. As for sales less than $1m these should be captured by having a Channel distribution system. On the one hand the Company is paying interest , on the other hand the Receivables are growing. Is that good Mgmt.? Operating earnings is the basis for performance. Any good CEO has to ensure that whatever the odds he manages to ensure that earnings are +ve if not better. When operational earnings tank, a good CEO reengineers to ensure performance. In GEAC's case , they declined in 1999 and now again in 2000.And still the issues have not been addressed. All I hear is more of the same; a mantra that the street is fed up with.