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.

Technology Stocks : SEEC, Inc. (SEEC) -- Ignore unavailable to you. Want to Upgrade?

To: P. Ramamoorthy who wrote (955)	11/8/1998 5:35:00 AM
From: Jan Kozic	Read Replies (2) \| Respond to of 1031

SEEC Shares May Be Undervalued at About 6, Barron's Reports I think we may see big jump in SEEC shares on Monday ... Bloomberg News November 7, 1998, 11:20 a.m. PT Pittsburgh, Nov. 7 (Bloomberg) -- SEEC Inc. shares may be undervalued at about 6, since the company is profitable and has some big-name customers, according to an unidentified hedge-fund manager, Barron's reported in its ''Up & Down Wall Street'' column. SEEC, which makes software that repairs mainframe computers to allow them to identify dates in the Year 2000 and beyond, has a book value of $5.50 a share, with no debt and $4.90 a share in cash. SEEC shares rose after it reported earnings of 6 cents a share in its most recent quarter, though the stock still has the potential to rise as the company profits from computer repairs needed because of the Year 2000 computer problems and Europe's change to a common currency, the paper said. Shares of Pittsburgh-based SEEC rose 1/4 to 5 7/8 yesterday, down from its all-time high of 33 in September 1997. (Barron's 11/9 3 www.barrons.com)