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Technology Stocks : AremisSoft Corporation (AREM) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (166)	5/17/2001 2:00:13 PM
From: Bob Rudd	Respond to of 683

I just read a Lehman report and Neil Herman is totally sticking to his STRONG BUY. Some excerpts: * We continue to believe that AremisSoft won a contract valued at approximately $37.5 million with the government of Bulgaria in late 1999, despite some reports to the contrary. * We believe AremisSoft has recognized, so far, approximately $9 million associated with work done and has received payment. * We believe the potential of the Bulgarian contract represents upside to existing numbers. Stock is cheap. Maintain Strong Buy rating. **Fundamentals Appear Intact at AremisSoft We have talked with many customers. We have visited Bulgaria and we have closely examined the financials. In fact, the balance sheet looks clean; cash flow looks solid. Consequently we are not spooked by the volume of negative information and apparent disinformation, creating a cloud of smoke around this company.