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Technology Stocks : SEEC, Inc. (SEEC) -- Ignore unavailable to you. Want to Upgrade?

To: joe smith who wrote (121)	3/22/1998 4:47:00 PM
From: gerald tseng	Read Replies (1) \| Respond to of 1031

Joe: re: account receivable: you should look at the percentage of AR to revenue (9 mo revenue. since AR is acruing) and that will be 56.6% 1997 vs. 53.3% 1996. And this will be normal due to more accounts/clients.

To: joe smith who wrote (121)	3/23/1998 8:17:00 AM
From: Ron Sirch	Read Replies (1) \| Respond to of 1031

Joe - Re your questions and concerns: 1. the secondary will probably keep this quarters earnings flat to q398, but well up from q497. Well up from Q4 '97! Q4 '96 (ending 3-31-96) was -$.13. Earnings have been positive ever since. In a recent post I posted Wainwright's $.11 estimate for the current quarter. This indeed would have been down 2 cents qtr to qtr on increased number of shares but I really believe they will continue to beat anylst estimates. The important news I can give you here, howevr, is that CFO Rick Goldbach told Reuters at the Cruttenden Roth Growth conference on 3-3-98 that "he was comfortable with analyst earnings for the fourth quater of $0.14." Yes, $.14 or 27% higher that the Wainwright number! I have to believe that's also beatable. Even if they don't beat .$14, we'll still have a sequential Q to Q increase on increased shares. Trailing pe will drop dramatically as the -$.13 is replaced with +$.14. I confirmed the $.14 with the company on Friday. The Reuters quote is accurate. :-) More to follow. Ron Sirch