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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (1254)	8/26/1998 11:15:00 AM
From: Bron-y-aur	Read Replies (2) \| Respond to of 3721

Sultan Have some info from re Plourde. -top line revenue approx $5M. Bottom line approx 4-5% ($200K). Gross margin better than 50% so they must have a very high SGA and R&D. In any case deal is accretive to earnings by about .01 per share. -deal is being done on pooling of interest basis. $4.6M in stock swap but Plourde also has $1.3M in cash so the total cost to IVI is $3.3M. On surface sounds like a good deal on a price to sales basis - getting the company for less than 1X annual sales. IVI should be able to at least double Plourdes earnings next year. -Plourde will give ivi a larger customer base. They have strong relationships with IBM and NCR and many of the top 100 retailers. -the Plourde software runs on Windows NT - IVI will avoid having to spend on R&D to develop their own software for this particular purpose now. -IVI still plans the "roadshow" starting mid / late Sept. Also a analyst report from Robertson Stephenson (sp) is expected out mid Sept. -Insiders have been buying on the NASDAQ. Thats about it - now if only the stock would firm up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!