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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (8822)	1/8/1998 6:52:00 PM
From: Doug from CT	Read Replies (1) \| Respond to of 13949

Amongst the y2k names bandied about, I've observed that the few times anyone has mentioned Zmax, the reaction (if there is one) has been like when a guy in shorts shows up at a black-tie dinner. Or the level of discourse has been relegated to the yay-boo variety. Now, to state the negatives: they trade on OTC Bulletin Board, and are the product of a reverse merger into an old shell that took awhile to clean up. There's no major investment banking firm with a hand in underwriting or research yet. Until two months ago, there were no financials, which meant that you had to take a hell of a lot on faith. Now there are, and admittedly, you're still pretty early in the growth story. But hey, they've already been awarded y2k contracts with Lehman Brothers, Washington Gas, and Wisconsin Power & Light, and one other major company whose name is as yet undisclosed. In addition (in view of the WSJ article today on the rush to hire programmers), they've locked in a fixed-cost source of programmers in Taiwan over the next three years -- which I guess means expanding margins if prices escalate. They're also starting a road show -- next Tuesday in New York, Thursday in Washington, and, I believe, Europe later in January. I suppose in my own humble way (and I am, as Churchill once described someone, a modest man with much to be modest about), I am impertinently suggesting that Zmax has crossed the boundary from not credible to credible, and should therefore be treated, if not with respect, at least with curiosity. And yeah, I own the stock, ok?