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

To: Ron Sirch who wrote (285)	5/21/1998 8:52:00 AM
From: joe smith	Respond to of 1031

ron, i dont know where the analyst comes up with 5.08 in cash per share. it is 2.60 max. the highest level of cash on the last 6 balance sheets was 13.1 m back in q497. if you divide by 5.4 million shares its nowhere near 5. having said that, the recent offering could have boosted their cash per share significantly. i dont know how many of the shares sold were from the company and would result in an increase in the cash levels, but will try to find our. if it is 5 bucks and we are at 10 1/2, that means they are that much more undervalued. it is amazing to see how fast this is going down after earnings. not a happy amazing though. ill look into the details of the offering. good luck and keep the posts coming. js