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


To: steve who wrote (3092)2/23/1998 12:30:00 PM
From: Jimbo Cobb  Read Replies (1) | Respond to of 3529
 
SYSF has now almost fully recovered the 40% drop it suffered a few weeks ago with the earnings pre-announcement, and the only news is that Micron, an existing SystemWizard customer has extended the product to their notebook units as well. This is good news, but I don't know if it is worth a full recovery of the recent drop...of course, one could argue that the price was already too low before the drop. If you bought at 3 1/4, you are up nearly 50% in about 2 weeks.
Some profit-taking/resistance may kick in here....unless they get a NEW customer to sign up for SystemWizard, I doubt the stock will make much more headway over the next few weeks as we prepare to see just how bad the earnings really are.



To: steve who wrote (3092)2/23/1998 7:55:00 PM
From: Hippieslayer  Read Replies (2) | Respond to of 3529
 
Sorry to intrude, but I find it hard to believe that today's news is the sole reason for the nice uptick in today's price. MU is an old customer of systemsoft. The last I heard, MUEI was having some problems in the sales department (IE, they aren't selling as many computers as they would like or a softening in the product demand via a CNBC report a while ago). Just how much money will the MUEI deal bring in to sysf? I don't think it will be significant enough to justify much of a rise in the price. As much as I might be wrong, I'm guessing today's move is in part to other good news (?) that will be released soon. Any ways, the next couple of days will be interesting to see what happens to the price