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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: BigJake who wrote (11391)	5/5/1998 6:14:00 PM
From: P. Ramamoorthy	Respond to of 13949

BigJake - Re.: These earnings look underwhelming. I suspect the street will feel the same. May be or may be not. When they do, they should look at "not just earnings", but look at their cash surplus ($34Million?) and retained earnings (5Million). They have reduced account receivable, reduced sales through E&Y (Ernest and Young) and moving to direct sales. Plus they are selling migration (COBOL to JAVA), etc. It's no more a y2k company. More like a regular company with a good balance sheet and future growth for long term beyond year 2000. Currently, the street is nervous. The bullish strategist Abby Cohen expressed concerns. The overall market nervousness and lack of understanding of y2k seem to be affecting y2k earnings reports. CRYSF, COGIF, CMND, IMRS, SYNT, CBSL etc. have a strategy and are executing their plan. SPNSF is next to report and hopefully emphasize their non-y2k business. Ram