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To: MACA who wrote (3925)	1/1/1998 7:37:00 PM
From: tech	Respond to of 10786

II was emailed this news story by Quote.com I have a subscription with them and whenever there is any news on stocks that I track / trade, they are emailed to me. this is the link: quote.com Here is the story as it appears on the Quote.com site I have put the untrue statements in bold. ------------------------------------------------------------------ Robert Gruder Wired for 2000 Charlotte Business Journal, Tuesday, December 30, 1997 at 20:21 Alydaar Software Corp. chairman and chief executive Robert Gruder breathed a sigh of relief Dec. 2 when his firm received approval to begin trading on the Nasdaq national market system after years on the smaller, lightly-traded bulletin board. The new listing will expand Alydaar's shareholder base and raise its profile among high-tech firms. It will also give the company a chance to raise needed capital. Alydaar's main focus is helping clients fix Year 2000-related computer code problems. That work has helped it earn national recognition, positive industry reviews and a client list that includes McDonnell Douglas, 3M, DuPont and other large financial services and manufacturing firms. It hasn't translated into significant interest on Wall Street, however - mainly because so far it's failed to show a profit. Alydaar lost $5.13 million in 1996, leading to some criticism that Gruder has promised more than he can deliver financially. In an August Business Journal interview, Gruder addressed the criticism, saying he's been misquoted on his predictions. "I was quoted as saying we'd make a profit by fourth quarter (1996) and what I said is that I would hope we'd make a profit by fourth quarter. Well, we are making a profit now. Two quarters late isn't bad." The firm is expected to show a profit in 1997. -------------------------------------------------------------------- Quote.com is a pay site, but they currently have a 30 day free trial. this link > quote.com should take you there. If you would like, sign up with the free trial and use the link above to go to the story, or see if anyone else has a subscription and can verify that the story appears there. I usually receive between 20 to 30 news alerts per week through Quote.com, and I have NEVER had a problem with any of them. Btw- Quote.com is an excellent way to stay ahead of the game. I usually get the news alerts even before they are picked up by the other major wire services. Sometimes new releases are made as soon as the market opens, but the wires don't print them for some time later. Many times I have gotten the news before it hit Dow, Pr news wire, or Business wire. What is also good about Quote.com is that they get you the news no matter where it is from. Press releases, SEC filings, market commentary, business journals, magazine articles, etc. Where ever that symbol or company name is mentioned, the story will be emailed to you. well, there you have it another one of Tech's secret tools given away for free. <gg> I tried to contact the paper, but couldn't get a hold of anyone. I will try again on Mon. morning. I think that this is a big deal and if Gruder really did make those remarks, then he needs to be held accountable. I am also working on the gentleman who QUIT in Europe. From what I understand the main problem was BOB GRUDER. Funny, that is also the same problem CHASE had with ALYD. Once I get the full story I will post everything I find out.

To: MACA who wrote (3925)	1/1/1998 9:42:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 10786

Here's what I cuold find on-line in the Charlotte Business Journal: 11/24/97 Alydaar reports loss Charlotte-based Alydaar Software Corp. said third-quarter net losses were $2.17 million or 13 cents per share, compared with a loss of $7.63 million, or 51 cents per share, a year ago. The company, which specializes in solving the Year 2000 problem, said third-quarter revenue was $2.26 million. In a release, Alydaar Chief Financial Officer V. Hollis Scott said Alydaar expects fourth quarter revenue of $6 million to $8 million and also expects to turn a profit. amcity.com 12/8/97 Alydaar moves to Nasdaq Charlotte-based Alydaar Software Corp. began trading on Nasdaq's National Market System Dec. 4 under the symbol ALYD. Alydaar reengineers software to handle the Year 2000 problem. It said recently it expects to earn its first profit in the fourth quarter. amcity.com ========== - Jeff

To: MACA who wrote (3925)	1/1/1998 10:09:00 PM
From: Jeffrey S. Mitchell	Respond to of 10786

I edited out the commentary of that last post and failed to rewrite it within the 15 minute time period... For the sake of argument, I'll assume the news story in question is true and has not shown up on-line. The Quote.com reporter obviously researched the old Charlotte Business Journal articles and, apparently, asked CEO Bob Gruder about one of the quotes attributed to him in August. The part about "Well, we are making a profit now. Two quarters late isn't bad" obviously is in relation to that August time period, Q2, and therefore is referring to Q4. Leave it to Tech to think Bob, who was quoted in December '97, would be referring to a time period already in the books. - Jeff