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

To: Panita who wrote (580)	2/11/1998 10:02:00 PM
From: kvogel	Respond to of 915

Panita, The 2 articles were both positive today. The stock was technically ready to move and Stuek's statements were very positive. I believe the street wants someone managing the company besides Covey. Stuek also seems like a go getter. Nobody will be able to take this one over until the changes he describes are implimented, the company's reputation is restored, and the stock is at high enough levels to entice Covey to tender his shares. That will take awhile but let's talk in 6 months or a year (just joking- keep posting). Karl

To: Panita who wrote (580)	2/11/1998 11:31:00 PM
From: James B. Barnes	Read Replies (1) \| Respond to of 915

Panita, I'd respectfully submit that if you look at a chart on SSAX that quite possibly on January 23rd or so (check the increased volume) CA started to shop their 2.4 million shares around to find a buyer. I suspect it took them a few days to find a real live buyer. Trouble was, as they approached various big boys on the street who weren't interested, the word spread that there was a very big block of shares looking for a buyer. Under my scenario, until the deal was finally salted away, no one knew how low CA would have to go to get rid of their shares. In the meantime those who knew the big block was for sale and that the owner appeared to want to move the shares at almost any cost worried over what the owner of the shares knew that made them so desperate to unload the shares. Although we all saw the huge volume on January 29th, it wasn't until later that we all saw it confirmed that it was indeed CA. Few if any still knew what it was that drove CA to dump the shares. Did they know something horrible about SSAX? Today we found out. CA had a secret alright. They were needing to borrow about $9 billion dollars to buy CSC. To secure the financing they needed to raise as much cash as possible as soon as possible and they did so by liquidating the greater part of their SSAX position. During the time the stock was sinking we learned on January 29th that the new COO was later in the year going to be taking over as the new CEO, news that most followers of the stock found very encouraging, but with the great uncertainties of such large amounts of the stock being dumped because of the pending CA transaction, the stock price never got to appreciate the news about Stuek's pending promotion. It's my opinion that the interview with the new COO was just icing on the cake and not the primary driver today. I think we'll see the stock return to the $8-$9.50 area in the very near future as all this sinks in. Just another opinion, James