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Technology Stocks : SEEC, Inc. (SEEC) -- Ignore unavailable to you. Want to Upgrade?


To: DD™ who wrote (279)5/20/1998 2:41:00 PM
From: brodway  Read Replies (2) | Respond to of 1031
 
Seems like someone has decided to leave the stock.
Just traded 34k at 10 1/2. I think that was the clean up of the earlier pressure on the stock. Amazing how there is just no support for this baby at ANY level. Just keeps drifting lower. Does anyone care about earnings anymore?
We also just hit a market cap of about $65 million, which i believe is a very cheap valuation for the stock. Interesting to know what the book value and cash value is. Im sure someone out there is looking at SEEC and saying, i wish we could buy them for $65 million, hmmmm, now theres a thought.

Keep your pants on all,

Brodway.



To: DD™ who wrote (279)5/20/1998 2:41:00 PM
From: RBB  Read Replies (1) | Respond to of 1031
 
Double D,
Today I will be averaging down for the last time.
Hopefully this is the last time.
-Rambabu



To: DD™ who wrote (279)5/21/1998 8:35:00 AM
From: Ron Sirch  Respond to of 1031
 
Double D: Wall Street has chosen to accept the rather cavalier assertions by a number of analysts that y2k companies run out of work on 1-1-2000. However, NOT ONE serious y2k analyst will agree with that thesis.

(Posted this earlier this week. Thought we might hear an opposing view but no such post. The market has spoken, however, and for now it appears that the "cavalier assertions" prevail. If that view is not sustained over time, we have a great buying opportunity here, IMO. The rest of the earlier post follows.)

By the way, I believe that the year 2000 may well be
the busiest year for y2k work and 2001 will be the post-triage busy period. But past that period, there are trillions of dollars of IT investment that will require maintenance and upgrading. When the y2k analysts finally prevail in the media, SEEC and other leading y2k stocks will post dramatic turn-arounds, IMO.

From today's IAIC release (which is worth reading in its entirety):

snip << A Post-Millennium Strategy
"I'm aware that one of the criticisms of companies engaged in Year 2000 products and
services is that investors are dubious about the future of these companies beyond 2000,"
Mr. Rosenberg said. "I believe that for us, our Year 2000 work provides a jump-start
to our traditional systems migration and modernization work.
"Between now and the time when Year 2000 compliance business finally ends, we
believe we will have worked with hundreds of companies that should be candidates for
our migration and modernization services. If we do our job well over the next few years,
we believe our continued growth and profitability should not be in question. This is one
company which has its post-millennium strategy in place." >> snip

Well said IAIC. Anyone who does not believe IAIC should sell all y2k stocks. If you believe them, as I do, I believe you only have to be patient a little bit longer for your reward. All IMHO, of course.

Ron Sirch