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Technology Stocks : Simulation Sciences (SMCI) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Jenkins who wrote (64)	2/7/1998 3:31:00 PM
From: John P	Read Replies (1) \| Respond to of 183

I don't know much about accounting, but it looks to me that the ratio mkt. cap./Stockholders equity is really close to 1 now ( 85.76 mil / 11-12 mil shares; price =7.4) for SIMSCI. That means the stock is oversold. Correct ?!? I would appreciate answers from people that know accounting... Buy the way - Stockholders equity more then doubled (97/96) - see below, and the price is about half. I think that SMCI is a great buy and hold till doubles... And I did already put my money where my mouse is !!! Simulation Sciences Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands) Dec. 31, Dec. 31, 1996 1997 Assets Cash and investments $ 26,321 $ 46,295 Accounts receivable, net 8,981 14,184 Unbilled accounts receivable, net 8,799 26,584 Property and equipment, net 4,045 4,962 Other assets 5,052 14,728 Total assets $ 53,198 $ 106,753 Liabilities and stockholders' equity Liabilities $ 14,379 $ 20,993 Stockholders' equity 38,819 85,760 Total liabilities and stockholders' equity $ 53,198 $ 106,753