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

To: Logain Ablar who wrote (728)	7/3/1998 11:06:00 AM
From: John Sikora	Read Replies (1) \| Respond to of 1031

Timothy, I agree there will not be a stock buy back. My take is the stock will languish here at these lower levels with a couple points possible on the upside, until they post a Q with solid revenue gains or demonstrate where the ISLI revenue will now come from...I couldn't get on the call to ask the direct question of when the deals that caused the shortfall will close and was apalled that no one asked the question directly. I'm ticked off at management as I have been in touch throughout the quarter and was never given a hint of any problems of this magnitude. 40 f*g % revenue shortfall! Give me a break. They obviously could figure out the ISLI part as soon as the MIFGY deal was announced...Counting on deals closing the last day of the is not un heard of but...40% of your expected revenues. Sales team should get a kick in the ass and head should roll at the top in that department...Company faces a long period of rebuilding ties with wall street(if they really ever had any)...Good Luck to all... john

To: Logain Ablar who wrote (728)	7/3/1998 7:57:00 PM
From: ThirdEye	Read Replies (3) \| Respond to of 1031

I most definitely do not think that "customer delay" is the whole story. I have had a high opinion of SEEC for a long time but didn't buy until some time after the meteoric rise and fall from 37. But now I have a sinking feeling that something is rotten in Denmark. Like if the tool was so good, why aren't customers lining up? (Except for the fact that there's so much competition in the COBOL market.) I confess I don't know much about work that has been completed by SEEC. Wouldn't potential customers want to check on the record of the product? What do we know about their error rates? Maybe customers want a better deal than SEEC is offerring because of the error rates. I don't know. I just think we might be seeing some SEEC chickens coming home to roost here.