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


To: edward damarjian who wrote (546)2/6/1998 3:01:00 PM
From: James B. Barnes  Respond to of 915
 
This is probably real stupid, but it was stupid last summer. Last summer I personally believe there was confusion over the news issued by another similarly named company. Here it is again today:

<<Software supplier SystemSoft Corp. (Nasdaq:SYSF - news) dropped $1 7/8 to $3 5/16 after saying it expects a Q4 loss of
of $0.20 to $0.23 per share versus earnings of $0.08 per share a year ago. The First Call estimate for the quarter was for
earnings of $0.05 per share. The company said delayed purchasing decisions by Asian computer manufacturers, which
accounted for 36% of the company's revenues in the first nine months of the year, were the major cause for the loss. Long
implementation cycles for its SystemWizard software and high turnover in its sales force were also blamed. >>

I bought in last summer/fall when there was no explanation for the fall in SSAX price, except for the similarities in names. The share price soon healed up. I know this sounds stupid, but occasionally investing does get stupid.

Regards,
James

After I post this I'm going to try to find where we discussed this on this very board.



To: edward damarjian who wrote (546)2/6/1998 3:06:00 PM
From: James B. Barnes  Read Replies (1) | Respond to of 915
 
Yes, go back to message 207 and the few messages after it. There was a lot of confusion over the news releases by the other company. Could history be repeating? Surely not.

James