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

To: RikRichter who wrote (1173)	1/4/1998 12:48:00 PM
From: Brad Davies	Read Replies (3) \| Respond to of 2011

Elliot, You are correct. I did not do my homework. I should have said "most lose money". For the record, here is the results of my homework today with respect to the stocks you mentioned. VIAS- YHOO shows a loss of .79/share SEEC- YHOO indicates a profit of .03/share. A review of their SEC filings indicates they are currently cash flow negative (1.1M in last 6 months) which indicates to me they are doing some creative accounting. PTUS- YHOO indicates a profit of .19/share. Note that they are deriving a significant amount of revenue (close to their total quarterly profit) by recognising licence revenue from a majority owned subsidiary in Spain. CRYSF- YHOO indicates a profit of .28/share. ALYD- YHOO indicates a loss of .76/share ZMAX- SEC filings indicate a loss of .23/share in their last reported quarter CSGI- SEC filings indicate that as of their last reported quarter they had received zero revenue to date, and have incurred "software development cost" resulting in losses. ZITL- loss of 1.15/share In summary, it appears that two of the above actually do make money; CRYSF and PTUS. SEEC is simply playing games in my view, and time will tell if PTUS is as well. I agree with your view that investors are forward looking. When I look forward I see continuing losses and decreasing share valuations as investors come to realize that the promised performance of most of the stocks in this sector will not be delievered. If you buy these stocks you have to believe in the doomsday forecasts and the viability of each particular companies software and management. There is no evidence yet as to either the doomsday scenario or the viability of the software and managemtn in the case of IAIC. They have no Y2K revenue. That is a fact. Obviously you disagree as to their future prospects. It is not likely we will convice each other of anything so why don't we simply agree to wait and see. Regards, Ron