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

To: Jack Jagernauth who wrote (1347)	7/23/2000 11:46:02 PM
From: Jack Jagernauth	Read Replies (1) \| Respond to of 1571

I wouldn't be surprised if this beauty visits 8 bucks this week. Soon, we might not have to pay for shares in this company; people might give them away for free :)

To: Jack Jagernauth who wrote (1347)	7/24/2000 2:52:05 PM
From: Doug	Respond to of 1571

JacK: I saw that too in the G&M and the label; "Software Garbage Collector" . G&M also have a wounded Portolio at their web site. The trouble with GEAC is quite simple; Doing too many things at one time rather than concentrating on profitablity of the whole as a fundamental aim. Here is what I would do. I would terminate any acquistions till I return to profitability; operating profit not thru amortization. Once I achieve that, I will start selling a division and acquiring pieces for the next sale on the proceeds. It has to be a smooth operation. Currently it is an Antique dealers operation of collecting any wortwhile junk, holding it, maintaining it etc till a buyer appears. Unfortunately unlike Antiques, software gets obsolete with age and so it needs to be worked on and kept abreast all the time. That costs money. Good luck.!