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Gold/Mining/Energy : Intrinsyc Software Inc. (T.ICS) (formerly V.ICS) -- Ignore unavailable to you. Want to Upgrade?

To: dale w ruckle who wrote (309)	4/7/1998 12:44:00 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 1635

Mr. Ruckle, I believe part of the problem is the lack of understanding by many of the technology of this industry. (I understand the big picture, but I will be damned if I understand the details... not a techie...) A concern that I have had for a long time has been the fact that the valuation of this stock is in Canadian $. The CAN$ has been under pressure for some time now, and although a reversal in that trend seemed possible, it is beginning to weaken, which obviously affects whatever profit potential one may expect in a medium term investment in ICS.V The merging with Annasoft, seems to be step in the right direction, and if possible a listing in an American exchange (such as the NASDAQ, out of the OTC), as a subsidiary of the Vancouver company, with operations in the US, may in fact shield the stock of any possible currency gyrations. After all, for the foreseeable future (in my opinion), the US markets may outperform foreign markets. Of course that may change if interest rates/other economic factors change. I understand that ICS does have an office in Kirkland, WA, (a logical move if you are going to do business with MSFT, their neighbor in Redmond I do not know how the merger will affect such plans. (Annasoft in San Diego ?). As I understand it Annasoft has been a distributor of software, which is a marketing company (please correct me if I am wrong). Intrinsyc is strictly a software tools engineering co. so to me this is a merger made in heaven, market seemed to agree, now it seems to be taking profits...a retreacement ? Possible. Since from the low of $1.05 (CAN$) to the high of $3.38 (on a closing basis), a 50% retracement of the gain, would give us a possible retracement to $2.20 or so, (CAN$). At this point I believe the market will be expecting reports of sales to validate current and future (possibly higher) valuations. I understand that a number of announcements will be forthcoming, particularly I will be looking for an announcement of revenues which if positive, will consolidate and further the advance, a slow advance but solid may turn out to be a better one than an explosive one, that results in profit taking that can exaggerate the down moves... The above, only my opinion, which could be wrong. Z. Z.

To: dale w ruckle who wrote (309)	4/7/1998 4:10:00 PM
From: Codfish	Respond to of 1635

Dale >....I've been unable to get an idea of annasoft annual sales they are obviously well thought of..... Who is it that thinks well of Annasoft - the private company? Clearly you've been doing some pretty heavy digging to get any info on Annasoft's sales. I found the press release announcing the merger to be reasonably informative: Annasoft Systems and Annabooks, founded in 1989, have a large customer base with reported annual (Feb 28/98) revenues of approximately C$10 million (management stated) with strong growth projected in 1998. Together Annasoft Systems and Annabooks directly employ 20 marketing, sales and technical staff members in their San Diego offices, in addition to enjoying a close working relationship with a group of 30 subcontract developers who are under exclusive engagement for Windows CE systems integration work. Collectively with Intrinsyc, this brings more than 85 people together to offer OEMs a broad range of technologies and services for rapid embedded systems product development. >may be announcement was premature???? To which announcement do you refer? - the merger? Material changes to a company's corporate structure are required to be disclosed. Bill C.