To: Tom Lu who wrote (1352 ) 3/23/1998 7:21:00 PM From: Matthew F. Kern Respond to of 2011
Tom: You scavenger you! Where have you been? I sold some, and came out over 1000% for last year. This year has been slower so far. So far I've mabe some on T and NOVL for instance... I know you didn't come close to my figure for last year, but maybe you can come close this year. I bought a bit of IAIC back. Now I am waiting. I didn't post while no motion was in the cards, now I am here to have fun in the coming rise. Hey, did you short down from 20? If so you guessed well, but this price is so low as to be bizarre. I guess you missed the conference call, the data showing upcoming revenues etc? You may have missed that CR has come out predicting revenue increases for IAIC, although a VERY conservative prediction I understand. They didn't fax me a copy. Still, no one is predicting the doom and gloom you predicted from the beginning. All is well in the world of certain growth, perhaps slower than some would like. I posted some guesses as to targets, but no one other than CR has had any other guesses. Perhaps you have some data for us? We are trying to get a serious picture of the future of IAIC revenue and earnings, based on published fact and solid reasoning. In the mean time the stock will rise and fall with the predictions of analysts, like all less-speculative stocks. But now the room for people screaming hoax and such are over. (I hear your Boston buddy is not doing so well these days, BTW.) This last drop looks good. You might buy if she hits 11 Tom, a quick turn for you. I'm no expert, but I would guess IAIC should play in a range until the data on various contracts in work is released. The conf. call showed 5.2 mill in hand for this year so far, more from backlog, and a huge amount unaccounted for as the value of work behind these initial efforts at various companies. As well as the new contracts flowing in, as discussed in the Conf. call. The present price reflects a poor showing at IAI growth compared to any extrapolation from IAIC data. Elliot was the guy who went 'Tick' by the way. I might still go 'Tock' if he says 'Tick'. This thing still looks inevitable to me. No one is saying IAI is not growing these days, it's only a matter of how much and how fast. All the analysts congratulated Sandy at the end of the Conf. call. You might make more doing your shorting than I do with IAIC (long) in 1998-1999, but a loss for IAIC would suprise everyone, even the Pro's I outguessed last year. (Did I mention %1000?) Have fun ...............Matt P.S. You need not admit you were in error last year predicting IAI a complete hoax. We all can see that you just said that to support making money shorting. We know you are smarter than you may seem in the light of the truth about IAI now extant. I for one forgive you.