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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: paul e thomas who wrote (7347)	10/29/1997 9:02:00 PM
From: Done, gone.	Respond to of 13949

Thanks Paul! As always, your thought are most welcome here by all of us, that is certain, as is your generosity of sharing them with us! Please forward my best wishes to your daughter, and may her y2k work go smoothly, and under budget! Bounced Czech (FBN - Sincerely!)

To: paul e thomas who wrote (7347)	10/29/1997 10:54:00 PM
From: tech	Read Replies (2) \| Respond to of 13949

THE YEAR 2000 PROBLEM .... SOLVED ? consygen.com In my opinion ConSyGen will be one of the leading Conversion / Migration providers. With the industry's ONLY fully-automated solution, CSGI has a staff of only 30 PEOPLE This company's burn rate will be dramatically less than others who depend on "bodies" to do conversions. ConSyGen's margins will lead to huge growth and revenue potential. CSGI's toolset has already been proven to work. Testimonials: Pat Kemmer ---------- President of Millennium Enterprises, Inc. (MEI) of Columbus, Ohio ''The ConSyGen Toolset cataloged the code into a database, analyzed the code, provided us with a variety of reports, gave us the opportunity to address each date occurrence, and allowed us to set the rules for final conversion. Once established, the ConSyGen 2000 toolset automatically did the rest.'' Kemmer continued, ''Once the cataloging was completed and the rules established, the conversion itself took only a matter of hours.'' exchange2000.com Robert Egan ----------- Senior Vice President of Information Systems at LSI, a Merril Lynch Company ''We are pleased at the opportunity to become involved with ConSyGen in this complex conversion project.'' ''The unique combination of automated services being offered through the ConSyGen toolsets provides an ideal fit with LSI's requirements and timings.'' LSI recently awarded ConSyGen A 3,000,000 line Y2K Conversion / Migration project. exchange2000.com Marge Davis ----------- Project manager of Benefits Administration Systems for Motorola ''ConSyGen's toolset gave us a detailed listing of missing source code that was instrumental in helping us to complete quickly our part of the project. After ConSyGen had received the complete set of source code, it was amazing how quickly they were able to convert approximately 500,000 lines of source code to be compliant for the Year 2000. We look forward to a straight-forward and trouble-free testing of the converted code.'' ConSyGen recently completed a pilot project for MOTOROLA,(#23 on the Fortune 50), This pilot project is expected to lead to revenue producing contract. exchange2000.com Why ConSyGen ? The key reasons why I have invested in ConSyGen, is the fact that they have a toolset that can AUTOMATICALLY convert code. With this toolset, conversion projects are no longer dependent on how many "bodies" you can throw at the problem. With the ConSyGen 2000 toolset, 2 to 3 technicians can convert 5 to 10 million lines of Code. Several million lies of code can be converted, literally, overnight. How the numbers add up Due to the high efficiency of ConSyGen's toolset, overhead expenses have been cut dramatically. The highest expense of most Y2K companies is to pay for the hundreds and hundreds of people they have to hire to convert code. Since ConSyGen's toolset is fully-automated, the number of staff required is fractional compared to other conversion companies. ConSyGen currently has a staff of only 30 people. If we estimate Payroll expenses at $50,000 per employee. [ 30 people x $50,000 per year ] = $1.5 million in payroll Even if we add an additional $2 million for other expenses, it is easy to see that ConSyGen's total burn rate would only be $3.5 Million [$1.5 million in payroll expenses + $2 million in other expense] = $3.5 million At even a mere $.25 per line of code, ConSyGen would ONLY have to convert approx. 15 million lines of code before they are profitable. [15 million lines of code x $.25 per line ] = $3.75 million in Revenue To give you some perspective the LSI contract alone was 3 million lines. ConSyGen could cover their expenses with as little as four or five conversion projects. Let us say ConSyGen converts only 100 million lines of code in a year, which could consist of only 10 to 15 midsize projects, at the same $.25 per line. [100 million lines of code x $.25 per line ] = $25 million in revenues [$25 million - $3.5 million in expenses ] = $21 million Net Revenues Currently there are approx. 16 million shares outstanding, but for this example I will add an additional 5 million shares to the outstanding. [$21 million in net revenues / 21 million shares outstanding ] =$1 eps [ $1 eps x multiple of 20] = $20 stock price [ $1 eps x multiple of 30] = $30 stock price [ $1 eps x multiple of 40 ... 50 .. etc... ] YOU SEE THE POINT ! Investigate for yourself to see what are the multiples of other conversion houses. Some of these companies won't even be profitable this year! I strongly believe that ConSyGen will soon come to the attention of the investment community at large. With the pending NASDAQ listing biz.yahoo.com and the signing of the LSI contract, and the pending MOTOROLA project, ConSyGen is positioned well to become one of the leading, if not THE LEADING, conversion house.

To: paul e thomas who wrote (7347)	10/30/1997 2:44:00 PM
From: paul e thomas	Read Replies (1) \| Respond to of 13949

FLIRTING WITH DISASTER OR A BIG WIN After a lot of soul searching I have consolidated my Y2K holdings to the point where now I now hold 10,000 shares of IMRS at an average cost of 27+ $/share.This represents about 65% of my total investment. I am comfortable with this "RISKY" approach for a number of reasons. First on the strategic level IMRS has the most clearly articulated strategy of any Y2k company for positioning themselves for the post 2000 period.Secondly their sequential revenue and earnings growth is very robust and has little prospect of declining materially for at least 4 more quarters.Thirdly as measured by their 85% conversion of assessment phase business into remediation and testing business strongly indicates they are clearly meeting customer quality ,delivery and price expectations. Lastly the Chairman is a very strong Visionary and yet appears to have his arm around tactical and operating matters. Fourth IMRS is providing more detail about financial and operating information to individual investors than most y2k firms. I have previously purchased and sold earlier this year 400,000$ of Imrs .This has accounted for 14% of all my y2k purchases of Y2K stock I previously bought and sold this year. OF my total y2k capital gains this year Imrs has accounted for 41% of the total gain.I believe I can realize a 50% gain on my Imrs holdings by May 1998.I expect earnings will double between the recent September quarter and the June 1998 quarter.For my price goal to be realized the trailing PE at the end of the June quarter would be about 45 according to some rough estimates of mine.