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 : Systemsoft Inc. (SYSF) -- Ignore unavailable to you. Want to Upgrade?

To: Brendan W who wrote (2997)	2/6/1998 2:24:00 PM
From: voyager.ed	Respond to of 3529

Brendan, Sorry you guys, but I bailed on this one at under 4. I was surprised the damage wasn't more, as I still see a 2 in their near future. I wish you luck on this one, but I felt lucky after this latest news - this is 3 straight quarters where they've dropped a bomb with no notice. I hope they are getting their act together and cleaning house, but there are way too many unanswered questions, and this company is real secretive about information. regards, Ed

To: Brendan W who wrote (2997)	2/6/1998 2:24:00 PM
From: David R. Lehenky	Respond to of 3529

Another question: Why did the COO and CFO both buy meaningful amounts of SYSF stock at ~$4 3/4 close enough to the end of the quarter to know that they would not succeed in making their revenue? -Dave Lehenky

To: Brendan W who wrote (2997)	2/6/1998 2:28:00 PM
From: J L Segal	Read Replies (2) \| Respond to of 3529

Revenues were way down because a number of the OEM customers purchased more licenses in the 3rd quarter than they needed, and therefore did not need to purchase any more for the latest (4th) quarter. Also, a number of salespeople left during the 4th quarter, which most likely meant that a number of deals were probably left on the table & not closed.(this could be good news for next Q?) It's unfortunate that we will not know all of the details until the official earnings announcement on March 3rd. -Sure would help to get the CPQ deal. Also, can anyone comment on the recently announced deal with MUEI including SystemWizard in their new sub $1000 PCs? Who would sell SYSF now without knowing the full story? (just trying to be a bit optimistic) JL

To: Brendan W who wrote (2997)	2/6/1998 2:37:00 PM
From: Eric Jorgenson	Respond to of 3529

Revenues for FY1998 will be about $43.6MM which is about 10% more than FY1997. Ten percent is definitely not what we were hoping, but SystemSoft's revenues have historically been inconsistent--revenues for the nine months ending in October 1997 were 40% higher than the same period a year earlier. Yesterday's press release spoke specifically about the desire to yield more consistent results, so I continue to hope this is in our future! Also, for what it's worth, one of SystemSoft's competitors saw a rise of 14% in revenues for the comparable period. (In many ways, a comparison of this sort is irrelevant, but it at least provides some perspective). I'm very curious whether the three analysts following the company will issue forecasts for FY 1999 prior to the March conference call and what their comments are.