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Gold/Mining/Energy : Intrinsyc Software Inc. (T.ICS) (formerly V.ICS) -- Ignore unavailable to you. Want to Upgrade?


To: X Y Zebra who wrote (363)6/29/1998 3:04:00 PM
From: Gravity  Read Replies (1) | Respond to of 1635
 
Comments from the weekly edition of Perspectives on ICS, available for free by email to perspectives@shaw.wave.ca
Around the beginning of April, ICS announced a merger with San Diego based Annasoft. ICS makes embedded software solutions and Annasoft is a supplier of Microsoft operating systems for the embedded software market. Good fit, as we near the closure of the deal, it seems the market is starting to turn up after being beat up since the deal was announced. We don't think the deal itself is what the market is getting excited about, but rather, the likely US lising of ICS shares on the OTC BB. That has been held up while the merger gains approval. Also, we expect the company will go into a bit of a promotion phase after the merger is complete. Look for ICS to move higher from here, although it may be somewhat slower. 60/100.