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


To: DD™ who wrote (506)8/14/1998 2:47:00 AM
From: Kevin Michael  Read Replies (1) | Respond to of 572
 
Crystal Systems PR is improving. Believe it or not I got a telephone call from their Chief Financial Officer, Iris. Sorry I don't have the number or e-mail to post it; I already erased the message that was sent to me. I was told that I would be receiving E-mail regarding the company's business and was also given a 1-800 number to call for new information. However,I have already sold my shares for a loss like many other people evidently have, but I will post the info when I get it again. Maybe someone else has it, too. Like most people say, "I love this company, but can't stand its stock." I sold all of my other stocks as well due to Asian contagion, the uncertainty that lies ahead with the case against our president, and the fact that CRYSF is an Israeli company. Something is not right when CRYSF's mother FORTY is trading at a PE of about 10.

Just a thought: CRYSF's market value is roughly $100 million on current sales of about $40 million, so yeah this stock was overvalued in the high teens. Yes, CRYSF has improved its profits and revenues each quarter, but evidently the growth and future prospects of the company have not proved significant enough. I may be back in once the future of this company is more clear and other investors begin to take notice.

Good luck to all CRYSF shareholders-- may everyone see better days ahead.
KM