Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nanda who wrote (756)	7/6/1998 8:52:00 AM
From: MoneyMade	Read Replies (1) \| Respond to of 1031

They should move on this now! To: MoneyMade (6645 ) From: Redhead Monday, Jul 6 1998 7:49AM ET Reply # of 6649 Morning all, Just wanted to post this little snipit I just heard on CNBC, re the Y2K market...A group of British insurance companies have banded together and decided not to insure the millenium bug problem...I am interested in what you all think about this...what if any impact will this have...I will try to find a press release on this and post it... Smile REdhead

To: Nanda who wrote (756)	7/6/1998 9:03:00 AM
From: MoneyMade	Respond to of 1031

RTQ ask 6 1/2 SEEC INC (Nasdaq: SEEC) Basic Quote, Extended Quote, Profile, History, News, Chart, Research Last6 Bid (size) 6 1/4 (10) Ask (size)6 1/2 (10) Volume 1,000

To: Nanda who wrote (756)	7/6/1998 9:16:00 AM
From: Ron Sirch	Respond to of 1031

Nanda - I'm back from our trip through Europe. Thanks to all those who were asking over the weekend. We were doing just fine until Thursday. Was tied up in a lot of catch-up work and I was happy to see the board active and the stock doing ok. Was really pleased on Wednesday when the stock hit 13 and if I had a little more time I would have posted some comments to express some thoughts about how it looked like we were finally starting on our way back. I am deeply saddened about Thursday's shocker, but glad I don't have to suffer the further indignation of explaining a positive post the day before. My theory on Wednesday's action is just a guess. Word may have gotten out that a big announcement was in the works and the assumption was that it would be positive. That feeling even existed on Thursday morning, at least on my part, while the stock was halted pending the announcement. I have been very cautious with this market. I sold many of my positions before I left for Europe and left with the highest cash position I've ever had (about 80%). Kept two substantial stock positions, SEEC and ADVH, and some small positions in a few other stocks. I was right about this being a dangerous market even though the averages have recovered nicely over the last month. If you think SEEC's decline was bad, you have but to look at ADVH for some comfort. Both stocks seemed secure with good earnings, low PE's and great prospects. I guess I just didn't dig deep enough with what I had thought was rather extensive DD. I hope you all listened to the tape of the conference call on Thursday. It won't give you the answer as to what to do next but at least you heard Ravi's thoughts on the near and long term prospects. To those of you who followed my feeble effort to pass on solid fact-based information - while trying to minimize the hype - I must apologize. A few weeks ago I was frustrated because it seemed I had been 100% right about the company but wrong about the stock. That at least left room for a brighter future. Now the future is clouded and each of you will have to decide what to do. Once again, my sincere apologies to those feeling the financial pain from all this. Sincerely, Ron Sirch

To: Nanda who wrote (756)	7/6/1998 10:53:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 1031

Nanda - We are all upset with SEEC mgmt. The best chance to show our anger and get answers is at the annual meeting. Anyone plans to attend? My last assessment (may be, naive) still seems reasonable - wide fluctuations in earnings do not sit well with this market. Need to show earnings momentum. ISLI merger with MIFGY blind-sided SEEC and SEEC did not anticipate the sudden loss of revenue. Curious to know what action this mgmt has taken or is now taking to get more revenues. Ron Sirch is back (with a different outlook)! Qestions for SEEC: Code flow to partners - IBM, VIAS, etc? Conversion Factory set up and operation - can they set up on short notice and operate profitably? are clients satisfied? July release of post-y2k software tools - alliances, marketing plan, etc. Euro biz marketing plan? Web migration of legacy systems? Acquisition plans? Stronger Alliance with CBSL (acquistion by CBSL) will be good. Later on, CBSL plans to get into medium cap companies (4billion-500Million annual revenue range) for maintenance and outsourcing. Hope both CEO's will see an opportunity here. SEEC's cash (30Million) and software expertise are attractive. Any plan to take the company private by the mgmt, as alternative to buying back shares? Solid plan to address the above and execution will take this stock higher over long term. In the meanwhile, smile! CMND is on the move! Ram