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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: Pierre Mondieu who wrote (8076)	7/12/1998 12:42:00 AM
From: Jeffrey S. Mitchell	Read Replies (3) \| Respond to of 10903

Pierre, let's look at the facts... well, what I perceive as facts: Pro 1. Y2K is real, panic will eventually set in, there will be lots of work to go around 2. Vertex 2000 is a legitimate Y2K tool that, while not for everyone, has enough possible applications that it should achieve widespread use 3. The license fee on Vertex is a one-time charge with no royalties, which, if the price hasn't changed lately, is the best bargain in the industry if you are a vendor like TPII. Thus, TPII should have excellent profit margins using it. 4. If Y2K investor hysteria strikes again, I can definitely see TPII going bonkers, although probably for a very short time as is typical with hot penny stocks with no fundamentals (yet). Con 1. TPI has no track record in Y2K using a real remediation tool (as opposed to a code scanner). It may take months just to get the process down (helping clients package code, doing baseline testing, using Vertex, asking the client to verify possible problem areas, testing, putting it back in production, etc). Thus, even if the work is there and they have the staff to do it, I'm not yet convinced they have surpassed the steep learning curve needed to satisfy a client and book revenues. 2. Lately it seems people are selling on news which means it may be "show me the money" time. As earnings just came out, it may be a long wait... unless future contract announcements have real (and believable) numbers included in them. 3. The 90 day restriction on the convertible debenture expires in mid August. Unless there is Y2K hysteria, the stock will most likely tick down and then tank around conversion time. Between then and now, however, who knows. 4. Sorry, but when someone with no track record on SI says with confidence that TPII will be bought out in two weeks by a large systems integrator, indicating a clear security leak at TPI and inviting an SEC investigation, sorry, I see trouble whether the rumor is right or wrong. Is that fair? - Jeff