Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation -- Ignore unavailable to you. Want to Upgrade?

To: RikRichter who wrote (1162)	1/2/1998 11:16:00 AM
From: RikRichter	Respond to of 2011

For those who missed CNN's "Money Line" last night, the Y2K discussion was very informative to get an understanding of how Wall Street feels about the Y2K crisis. Ed Yardeni of Deutsche Morgan Grenfell was a "snorting bull" on the issue of the Y2K fix while Roger McNamee of Integral Captial Partners was supposed to offer the counterpoint arguments. However, Mr. McNamee ended up sounding more bullish than Mr. Yardeni. Roger commented that he would short those companies who had not spent millions on fixing their own company's Y2K problem. He also stated that by the year 2000 all cos. and govt. agencies will NOT have the problem fixed and he anticipated that it may take AN ADDITIONAL TEN YEARS for the Y2K problem to be completely remediated! Ed is most concerned about the progress of US govt. agencies in the Y2K fix (a big plus for IAIC and its partners!). Ed related an interesting story about the Social Security Administration which has been working on the problem internally for over 10 years to fix 30 million LOC's. To the SSA's dismay, they just discovered that they have an ADDITIONAL 30 MILLION LOC's to fix! My conclusion is that there will be significant bottlenecks with the Y2K "body shops" in 1998 (ie: KEA, CHRZ, MAST, CBSL, etc.) which will require automated software solutions from companies like IAIC. Regards. Elliot

To: RikRichter who wrote (1162)	1/2/1998 1:19:00 PM
From: Brad Davies	Read Replies (1) \| Respond to of 2011

Elliot, We clearly have different opinions of IAIC. That is what makes markets! To clarify the volume issue though, the big volume trading is what drove the stock down. On DEC 29 the stock traded between 12.63 and 11.50 and closed at 11.50 on volume of only 36600. DEC 30 was the big trading day. Total volume on that day was 299600. The stock traded between 11.75 and 10.50. Most of the volume occurred on the way down to 10.50. The MM's simply weren't prepared to take that much paper and hold the price. The stock has now come back both in price and in volume. With trading this light it is easy to keep the price up. The real question is who was selling the large volume and why. You seem to think it was fund buying. I believe it was insiders dumping. Time will tell. The facts remain though. This company has no Y2K revenue and is losing money quickly. It is almost out of cash, if it isn't already out of cash. IF they do a private placement, you can bet it will not be on favourable terms. We shall see. Good luck in your trading. Ron Ttt