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To: im a survivor who wrote (8716)	10/31/1998 12:06:00 PM
From: bob oserin	Read Replies (3) \| Respond to of 10786

Reading all the current postings sure reflects the deterioration of what, we all thought, was a grand investment scheme. Remember the 60-80% gross margins BOB encouraged us to project? Then his "comment" that clients weren't sending properly prepared code and he had to go out and help them prepare their submissions Remember the projections of $1.25-$2.50 per LOC we were all estimating? Remember the 1999 earnings projection of $4.50-$4.75 at the beginning of the year? Remember BOB's need to look overseas for quick, expensive equity? And the list goes on and on! Let's face it, the market wouldn't pay the rates we wanted. Competition for the available business resulted in sharply depressing margins which, it appears, no one was willing to accept as applying to darling, ALYD. I could go on but I'm a two-fingered typist and I'm tired. So I'll end just saying we "intelligent investors" refused to face the dissolution of the businee picture we had painted. BG was a master in holding most of us transfixed to a scenario that was made of clouds of hot air! I now see ALYD earnings of $.50-$.55 for 98 and $1.00-$1.25 for 99. Any other prognostigations out there? BOB O