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Technology Stocks : edusoft (EDUSF) -- Ignore unavailable to you. Want to Upgrade?

To: Sparky Beardslee who wrote (155)	11/23/1997 8:55:00 PM
From: jay silberman	Respond to of 272

Globes version of story: globes.co.il Sunday , Nov 23, 1997 Sun-Thu at 18:00 (GMT+3) Headlines Edusoft, Heinley to Develop, Market Educational Software to Teach Children English By Efi Landau Edusoft, a subsidiary of Degem Systems, announced the signing of a memorandum of understanding with Heinley and Heinley, of Boston, USA, a division of Thompson Enterprises (an international publishing company with an annual turnover of more than $9 billion), for the development and joint marketing of a new multimedia header series for the teaching of English as a second language to children. The memorandum of understanding will be replaced with a final agreement between the sides no later than 1st February 1998. According to the memorandum, the two companies agreed to cooperate on the development of "English Kidc", a multimedia titles series for the teaching of English as a second language to children between the ages of 5 and 12. The headers will be developed both in a home version and in a school version, using three dimensional animation, voice recognition and Internet connection advanced technologies. Series ownership will be divided between the companies according to the investment each makes in the development. Edusoft expects its investment to be 70% of the costs. The first CD in the series is expected to be marketed by mid '98. Heinley will market the product in the US and Edusoft will market it in the rest of the world. The two companies will pay one another royalties on sales. Heinley and Heinley is one of the largest US publishers, specializing in teaching foreign languages. The company is known in the US as the leader in teaching English as a second language. << Previous ArticleNext Article >> ÿ Advanced Search ------------------------------------------------------------------------ Created by Globes-Sites Database-generated by c Copyright 1997, Globes Publishers Ltd. Disclaimer

To: Sparky Beardslee who wrote (155)	11/24/1997 12:06:00 AM
From: Arch	Respond to of 272

I think that the low volume and low price reflect the uncertainty associated with the equity sale by Degem. EDUSF is still not covered by any analyst. With good earnings and great potential for growth, one would expect some analysts to begin covering it with a buy recommendation. However, this is hard to do in face of the uncertainty concerning the equity sale. I hope that the equity sale will be announced soon. There can be big moves after that.