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Technology Stocks : Crystal Systems (CRYSF) - AD 2000 Solution IPO -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Michael who wrote (491)	8/6/1998 1:43:00 PM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 572

CRYSF (and others like SPNSF) earnings are higher than expected. They are hiring to fill projects. From Yahoo: >>>the newspaper's name is "Maariv", the date is 31.7.98, its a half page add, on the back of the "required section", its says that Crystal are looking for: 1. ISPF men/women (DIALOG MANAGER, REXX knowledge) 2. MVS programers 3. Programers( COBOL NATURAL, PL1 knowledge) 4. Projects managers 5. Infrastructure & DBA men/women 6. Programers ( ADABAS NATURAL knowledge) 7. Senior programmer (for forming an MVS enviroment) the preface says that due to winning some huge project in Europe the company is looking for new employees in Israel an abroad. >>> 51% gross margin! The following section of their earnings news release is more relevant to business after y2k, which the market may not comprehend or miss. >>> According to Mr. Amiram Mel, Chief Executive Officer, Crystal Systems Solutions, ''We are very pleased with our results of the quarter, and the 51% gross margin we were able to sustain even as we greatly expanded our range and scope of conversion activities. Current R&D spending represents 12% of our total sales, the majority of which is being directed to new non Y2K related tools and conversion projects to expand our range of services to meet customer and potential customer needs in the next millennium.'' ''Crystal's strong revenue growth is being fueled by an increased demand for conversion projects from both new and existing customers,'' said Ben Levy, Vice President Marketing and Sales. ''Repeat business from companies such as Ford and Pratt & Whitney are two examples of long-time Crystal customers who re-contracted with us during the quarter.'' >>> Short term price recovery may not be fast. $5Million to buy back their stock. However, long term looks good. Ram