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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (12714)	8/18/1998 1:39:00 PM
From: Jeff Grossman	Read Replies (2) \| Respond to of 13949

Anybody have an opinion on CTWO (C2i Solutions)? The stock has been hitting new lows despite releasing their best news ever on Friday - a contract with Nicholas-Applegate Capital Management to remediate and test about 8 million lines of code. I was told the value of the contract could be $8 to $12 million. Compare that to the $100,000 in revenues they reported in the most recent quarter. It looks like there will be a nice increase in revenues over the next several quarters. The press release is at biz.yahoo.com CTWO went public at $6 in February and soon soared to over $14. Expectations for CTWO were very high, but when no large contracts were announced, the stock started to plunge. Today's bid price of $4.125 is the lowest it has ever been. Even announcing the large contract on Friday didn't help. There seems to be absolutely no buying interest in this stock. Everyone who likes the stock seems to already own it. And with no buying, the small amount of selling there is just keeps knocking the price down. Until something gets new people interested in CTWO, I guess the price can keep going lower. CTWO seems cheap to me at $4.125. When CTWO was over $10 with no contract news, I guess that was kind of silly. But now CTWO has a market cap of only about $15 million, and they have a contract that could be worth $8 to $12 million. And this is hopefully just the first of many more contracts. Am I missing something here? Does CTWO deserve to trade at this price, or is it just the lack of attention and liquidity that is causing the stock to fall? I would think that Gilford Securities (CTWO's underwriter) will finally put out a buy recommendation on CTWO now that they've announced a large contract. Maybe that will be the spark that gets CTWO moving higher again. Or maybe not. I'd love to hear other people's opinions on CTWO. Thanks, Jeff