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Gold/Mining/Energy : ORIOLE SYSTEMS (OOL:VSE) -- Ignore unavailable to you. Want to Upgrade?

To: cann11 who wrote (187)	6/11/1998 10:07:00 AM
From: ROY PHUNG	Read Replies (1) \| Respond to of 605

To cann11 I got this write-up from a friend who is a subcriber of Investor's Digest. I recommended investors accumulate computer software maker Oriole Systems(OOL-VSE, $0.46, 416-512-7000) in the the April 10 edition when the stock was $0.28. The company subsequently announced what appears to be a major association with IBM as a development partner in a new project for business software, and the stock jumped to $0.72 on volume of more than five million shares. While it clearly got ahead of itself in the short run, investors should continue accumulating Oriole between $0.40 and $0.50. Oriole still appears relatively inexpensive with a market capitalization (number of shares outstanding times share price) of only two times estimated sales. And sales are expected to double this year to around $3 million, even without the benifit of new IBM partnership. It's impossible to put a dollar value on just how much the arrangement with IBM is worth, but it's almost certain to help Oriole's PowerTouch-FM system penetrate the business software market.