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

To: gerald tseng who wrote (122)	3/22/1998 5:12:00 PM
From: Superhawk	Respond to of 1031

Joe Smith made three excellent points which tempered my initial enthusiasm for taking a position in SEEC tomorrow. He said recent dilution, carry-forward tax losses used up, and rising accounts receivable will reduce this quarter's earnings report. You countered cogently that accounts receivable are not rising as a percentage of revenues. In other words, as sales have increased, so have accounts receivable in direct proportion. Do you have any views about the potential impact of Joe's other two points? I suspect that Y2K remediation "body shops" like CBSL and IMRS might begin to plateau, and stocks like ALYD and SEEC could soon begin their run. SEEC is especially attractive to me because of its testing tool -- AccuTest, I believe it's called. I just can't understand why the stock is so battered. Then again, look at IMRS a few months ago. I think I'm in for an initial position tomorrow.