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 : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: BuzzVA who wrote (11665)	12/10/1998 9:47:00 PM
From: David	Read Replies (1) \| Respond to of 26039

A plausible take on the ongoing INS saga (from Yahoo! DBII): "In this case, INS being the good government agency that it is, MUST accept the lowest bid. DBI bid, won preliminary approval, subject to performance and contract review. IDX complained, and now what if what this ex is saying is true, IDX had until Oct. 30 to file a counter proposal. "Both sides could win, however what makes this particular contract so maddening to people in the industry (the firm I work for didn't even bid on it because of this) was that INS had help from IDX to write the RFP -- this isn't uncommon, however, the contract had made it a requirement that whoever won the bid HAD to service the current IDX livescans.....well who do you think had issues with that??? "So in the end, its quite possible that the whole process might have to go back to be re-bid because of the unfair advantage that IDX had and because of potentially "low-balled" pricing on DBI's part, which means this thing wouldn't get settled until sometime early next year. And it might just be divide among the two. "See how complicated it all gets? "No amount of sheer force will is going to make this mess happen any sooner. Until DBI or IDX gets the contract in their hot little hands, with the seal of the office/notary public, they aren't going to announce anything. If they did and the stock shot up, and then we find out they didn't I don't know about IDX, but I doubt DBI could afford a sharehold lawsuit." * * * This story is reasonably consistent with the fuzzy rumors that I have heard, and the $8 million figure posted elsewhere on Yahoo! DBII (for 300 machines) implies to me a low-ball DBII bid. It doesn't imply that the DBII bid is best for the present IDX legacy equipment at INS.