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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Mark Jurik who wrote (12194)	7/3/1998 5:17:00 AM
From: gerald tseng	Read Replies (1) \| Respond to of 13949

One thing I found interesting is that, while some non y2k firm blame their business softness on customer's shifting resources to y2k project; at the same time, SEEC is saying they still did not detect "urgency" in Y2K yet. So, where did the money go? Maybe, companies are deferring new spending and Y2K at the same time? The recent raised awareness start drawing their attention, so they postponed new spending on other stuff. While on the other hand, they just came out of denial and not totally convinced yet?? Or, all the y2k money went to body shops???

To: Mark Jurik who wrote (12194)	7/4/1998 1:53:00 PM
From: BM	Respond to of 13949

Very interesting Mark. I believe that I have a stock which covers all present and near future bases in the area of systems migration so it should do especially well if the Y2K sector takes off again. Informission is all three groups you mentioned. They are software vendors (their own, highly regarded by Gartner Group) for do-it-yourself customers, consultants that will perform on/off site, and automated factory conversion. In addition to Y2K, Informission has now released euro conversion software and services as well. Partnerships in North America include CGI Group, IBM, CSC and Reasoning while several major European partners run conversion centers as well. Cross-selling of the euro products should be a breeze. In additon to Y2K and euro conversion, Informission is also producing software for the migration of legacy systems to the Web. In addition to having considerable telecom software expertise, they retain their solid core of consultants and systems integrators where they started in the first place in 1985. Far from being an under-achiever financially, revenues and earnings are in strong growth modes with latest quarter (May 31) showing EPS of $0.08 and some $34M in cash as a result of the April IPO. exchange2000.com Last but not least, investors are protected by insider selling due to escrow requirements plus a shareholder agreement among the principal shareholders that they will not sell or encumber their shares for a minimum of five years. The SI thread is at exchange2000.com