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.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (20451)	8/11/1998 3:26:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79269

David, The only one I have that's doing any good is the one that jumped off the volume watch list yesterday, VCR is still going. That's small consolation on the long side though. Actually, with my serious money all off the table since 6/30, I'm mostly enjoying this. Doug R

To: Magnatizer who wrote (20451)	8/11/1998 3:29:00 PM
From: Doug R	Respond to of 79269

...and speaking of the volume watch list; here's a bit of news from one of the entries: MVSI Authorizes Stock Repurchase of up to an Additional 1,000,000 Shares of MVSI Common Stock VIENNA, Va., Aug. 11 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI), a Washington, D.C. area broad-based technology products and services company, announced today that the Company's Board of Directors has authorized the Company to make additional open market stock repurchases of up to 1,000,000 shares of MVSI Common Stock, $.01 par value. MVSI says it plans to buy shares on the open market or block purchases from time to time, depending on market conditions. Since January 1997, the Company and members of the Board of Directors have repurchased approximately 2,000,000 shares, or about 12% of MVSI's outstanding Common Stock, under earlier Board authorizations. This latest repurchase program reflects the Board of Directors' continued confidence in the Company's fundamental strength and long-term growth prospects. MVSI Chairman Edward Ratkovich stated: "We believe the securities of MVSI are currently undervalued based on the Company's record revenue and profit performance in the last quarter and our prediction of significantly higher revenues and profits from all sources for the current and foreseeable quarters." Chairman Ratkovich concluded: "Our progress to date in building our software development and information technology (IT) business is going very well. We continue to aggressively address Year 2000 (Y2K) assessment, remediation, testing and verification work; SAP and PeopleSoft implementation; Internet, Intranet and Extranet development; technology training; and custom- built management information systems for corporations and government, directly with our clients or in partnership with other major information technology companies, such as multi-billion dollar Science Applications International Corporation (SAIC) of San Diego, California. These business areas and significant partnerships continue to show the greatest potential for growth and profitability for the Company." Certain statements in this press release, including statements containing the words, "believes," "anticipates," "plans," "expects," "estimates," "prediction," "foreseeable," "significant," and similar expressions, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements. Such factors include, but are not limited to: risks in products and technological developments; market acceptance of new products and continuing product demand; the impact of competitive products, services and pricing; and the other factors mentioned in the Company's current and future filings with the Securities and Exchange Commission and public announcements. For additional public information on MVSI, Inc., please contact the company at its principal executive offices at 8133 Leesburg Pike, Suite 750, Vienna, Virginia 22182, telephone 703-356-5353 and 703-356-5354 facsimile. MVSI, Inc.'s Web site is located at www.mvsiinc.com. SOURCE MVSI, Inc. CO: MVSI, Inc. ST: Virginia IN: CPR SU: 08/11/98 15:04 EDT prnewswire.com