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Technology Stocks : SSA (SSAX) BPCS/Client Server -- Ignore unavailable to you. Want to Upgrade?

To: J Walter Jacobs who wrote (393)	1/2/1998 7:46:00 PM
From: MAURICE J. SADOWSKY	Read Replies (1) \| Respond to of 915

SSAX is a relative newcomer to the Y2K software--they may have a good product--my gut feeling is that they are going to make it or break it with BPCS. My recollection of the story is that Covey was comfortable with profits and product and left the CEO job to an import from IBM at the beginning of their investment into ERP version of their product used on the mainframe--well the costs started increasing (very expensive to write these extremely complex ERP programs and they miscalculated the cost by an incredible margin)--so Covey got his Master of Arts at the University of Chicago and a Master of Business also at the University of Chicago (he is into Chinese artifacts)--he even taught at the University. Well after the it became evident that the company was in trouble, he came back and retook control of the company--his first pronouncement was to bring profit margins back to the 12% level where they were when he left. Big big JOKE--spending increased dramatically as the depth of the problem with the software became evident. Delay, promises, money, all of the cash--borrowing--that gone--refinance until the stock hit rock bottom at $4--before the preferred stock deal. All this time Skadra is putting the best spin he could invent on the condition of the company. So, I'm a real skeptic on new software--not saying that there is deliberate misrepresentation--only that caution is in order and DON'T BELIEVE THE HYPE!!! Sorry about that--Maurice