To: mt_roman who wrote (2233 ) 12/20/1998 6:41:00 PM From: Irv Dimont Read Replies (1) | Respond to of 2395
I have empathy for BICO shareholders. I first invested in this company back in around 1983. It was named Coratomic then. I had great hopes. Actually had alot of money tied up in it. So much so that when I was in the Pittsburgh area I went by the Indianna Penn. Plant and had a personal tour from Dave Purdy . Mr. Purdy was very pleasant, but I can not attest to his honesty. Over the years I have been in and out, and my timing has usually been off. Basically I know what it feels like to have great hopes and expectations from a small company with great potential. However, I found, as has many others BICO investors, those hopes were misplaced. I would like to share another small company that is the exact antithesis of BICO. It is exactly the opposite because, first of all it is profitable ( and has been for 17 straight quarters), has no debt, no litigation, aprox $3 million is cash, a stock repurchase program ( just announced last week), in the process of moving from bulletin board to NASDAQ. and best of all it's internet related (they do internet software for the Dept of Defense and have an artificial intelligence sales person for e-commerce that was mentioned in the Nov. 30 issue of Forbes). Like I said, all the exact opposite of BICO. The company's name is Teknowledge Corp (TEKC). On Tuesday (Dec.22) TEKC will be doing a 5 for 1 rev. split. This will give it a stock price over the $4 minimum required for NASDAQ listing (a rare situation when rev. split is done with good fundamentials for the right reasons). They have all the other qualifying criteria. TEKC will be traded under the symbol TEKCD as of Tuesday, and as I understand it will continue to do so until it moves to NASDAQ ( which could be as soon as 30 days). With a PE currently around 18 and internet related, just imaging what could happen. SI has a MB for TEKC, info is also available through their website teknowledge.com. Good Luck and happy holidays.