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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...? -- Ignore unavailable to you. Want to Upgrade?

To: Lucci who wrote (1598)	5/11/1998 2:45:00 PM
From: uu	Read Replies (3) \| Respond to of 1936

If past is any indication of future I think SPNSF will come down to the low $7's before moving to $10+. I just got my check from the law suit settlement. Every share holder from 1/92-1/95 received appx. 7% of their total loss. Therefore this issue of law suit is behind and is all clear. Now comes the period of building the confidence. If this had been any other stock in software (with reporting earnings of 600% better than expected) the stock would have jumped by at least 300%!! However it is Sapiens and not just any software company! Wall Street continues to look at the company in a very suspecious manner (thanks to their past hype accounting practices)! Anyone who listened to the conference call must have felt the extreme conservative tone of the management. This is totally understood. Ron Zuckerman and friends just put an end to a painful law suit which was a result of them speaking so aggressively back in 1992-93. I think now they have moved to the other extreme side of being ultra conservative! I personally do not mind that all. It is always better to surprise the street rather than to build the expectations and then disappoint. I am still a share holder, although after 4 years of being a loyal share holder (going through the agony of forcing to average down at various prices from $15 to $3/shr), I sold 75% of my holding at $9 1/8 a couple of weeks ago with a very deserving 80% gain!! However I am planning to buy some of my shares back perhaps if it gets to the low to mid $7/shr which I believe is a good possibility due to lack of major coverage by any major analyst "yet"! However once major coverage is given to this company by some reasonably legitimate famous brokerage house, this stock can easily move up 20-40% per day (like it did back in 1992-93)! Regards, Addi Jamshidi

To: Lucci who wrote (1598)	5/12/1998 11:18:00 AM
From: Walk Softly	Read Replies (1) \| Respond to of 1936

Mike... does First Call give a source for their numbers? seems as though either it was an old estimate or they have another source... do they do their own analysis? Zacks lists the source analyst... and I speak regularly with Bleichroeder about their estimates... Anyhow, seems the First Call target was more what the market expected based upon reaction... elsewise, I expect we're in for a delayed reaction pop soon or later... Craig