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Technology Stocks : Carnegie Group CGIX (READY FOR A MOVE?) -- Ignore unavailable to you. Want to Upgrade?


To: Thomas who wrote (60)5/21/1998 2:51:00 PM
From: Thomas  Read Replies (1) | Respond to of 110
 
CGIX hires marketing director, or whatever his title is. Good step, now Dennis needs to focus on building shareholder value. Now that he has help on the sales/marketing front.
Cheers,
Thomas

Carnegie Group Names Unisys Executive Raymond B. Kalustyan Vice President, Business Development
PITTSBURGH, May 21 /PRNewswire/ -- Carnegie Group, Inc. (Nasdaq: CGIX - news) announced today the appointment of Raymond B. Kalustyan as vice president, business development. It is a new position within the information technology solutions company. Mr. Kalustyan will report directly to Dennis Yablonsky, Carnegie Group's president and chief executive officer, and will assume his new position on June 1, 1998.

Mr. Kalustyan brings 17 years of sales and marketing management experience to the new post. Prior to joining Carnegie Group, he served with Unisys as national director, capital markets practice since September of 1997 and prior to that was national director, sales and marketing for insurance and diversified financial services. Before joining Unisys, Mr. Kalustyan was a director of business development for Arthur Andersen, LLP, and prior to Andersen served with Amdahl Corporation, Wang Laboratories, and IBM. His career is marked by entrepreneurial challenges and successes covering all phases of business development, from strategic planning to post-sale customer service.

''Ray has demonstrated the ability throughout his career to develop sales and marketing teams and build business development processes that consistently grow a business,'' stated president and CEO Dennis Yablonsky, when asked to comment on the hire. ''He will be responsible for all of the business development efforts of our commercial business and his addition brings greater balance and depth to our senior management team.''

''The company is in an exceptional position in the information technology professional services marketplace,'' said Mr. Kalustyan when asked about the decision to join Carnegie Group. ''They provide a powerful and unique mix of consulting, custom application development, and systems integration services. The entrepreneurial culture of the company is a big attraction as well. Carnegie Group has the right mix of service offerings and market opportunity.''

Mr. Kalustyan holds a Master of Business Administration from the American University, Washington, DC and a Bachelor of Science degree in Finance from Susquehanna University. He and his wife, Karen, will relocate from Princeton, New Jersey to the Pittsburgh area this summer.

About Carnegie Group

Carnegie Group provides business and technical consulting, client/server and Internet-based custom software development, third-party package implementation, and systems integration services. The Company focuses on two robust market niches in the information technology professional services marketplace: customer interaction; and logistics, planning, and scheduling. Within these areas, the Company helps clients in the financial services, government, manufacturing, and telecommunications industries improve business processes, customer relations, productivity, and market position.

Customers include: BellSouth Telecommunications, Inc., Diebold, Inc., First USA Bank, Highmark Blue Cross Blue Shield, IBM Printing Systems Company, Lucent Technologies, Pratt & Whitney, United States Army Research Laboratory, United States Transportation Command, and U S WEST Communications, Inc.

Visit Carnegie Group via the World Wide Web at cgi.com

SOURCE: Carnegie Group, Inc.

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To: Thomas who wrote (60)6/12/1998 9:57:00 PM
From: Sethpop  Read Replies (2) | Respond to of 110
 

Clearly, the single most undervalued infotech stock. Selling at under
0.4x revenues(after subtracting cash) CGIX is less than half the
multiple of the next lowest stock among the 75 or so in the IT
professional-service segment. Yet, the company's skills base (customer-service and decision-support apps) is among the highest in the segment. Based on recent actions taken by the Company (albeit
somewhat slowly), CGIX should return to near/above historic earnings
potential by 3Q98. Assuming CGIX can return to even a sizable fraction
of its demonstrated earnings potential during the balance of the
year (levels hit in late 1996 and early 1997) the stock, now languishing around $3.50/share could increase substantially (and 10-12 would not be an unreasonable peer valuation at all!!) Moreover, even at double the current level, it is a very prominent
acquisition candidate in this acquisition-prone segment. The median
price paid for all acquisitions in this segment since 1/897 is well over 1x revs and that includes many smaller, lower-value-added companies.