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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company) -- Ignore unavailable to you. Want to Upgrade?

To: L. D. who wrote (428)	4/19/1998 2:26:00 PM
From: Bernard Elbaum	Read Replies (1) \| Respond to of 1443

There is no difficulty justifying the Group West price if one believes that the company's revenues will grow rapidly in coming years. If revenue growth is say, 24% per year, total sales would quadruple in just six years. Since markups are high in software and Group West is already at a point of just covering overheads to break even, new revenue of that size would leave a healthy net. The Y2000 adds a spurt of growth and marketing opportunities. That business alone may be worth a few buck a share, or a good slice of the companay's current market cap. Still, the key and lingering question is how much business will the company have, say, in 2004, after the boom is over. Confidence in the company at bottom then rests on judgment regarding its managerial and technical abilities, and its ability to woo customers after helping with Y2000 problems. Can anyone comment on these points?

To: L. D. who wrote (428)	4/19/1998 4:54:00 PM
From: Mr. Forthright	Read Replies (1) \| Respond to of 1443

LD why do you think you are starting to annoy me? We are only discussing different views on GPW. First of all, it does not reflect well on the President of a public company to take public one of his companies and keep the other one private, especially since they are both in the same business. Not a sign of an experienced company builder. Secondly what makes you think that the management of GPW will suddenly start to do miracles after 22 years of mediocre growth and marginal profitability? You will probably say the Y2000 phenomena. That's what they want you to believe. Thirdly, too many people on this thread seem to know more than they should. Always a bad sign that attracts short sellers. Finally, I do not know Don Lickman but he seems to have a great track record. I have been following him for a while and got intrigued when he started to follow Forecross. He probably follows all these Y2000 stocks because he knows that a lot of money IS BEING (and WILL BE) made on these stocks on the short side. P.S. I will say it for the last time, I don't have a position in GPW. Let's just hope Nathan and Murray are right maybe I'll play it from the long side first. Guys be careful about writing stuff about upcoming events if they turn to be true somebody will get upset.