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Technology Stocks : Socrates Technologies: NASDAQ: SOCT -- Ignore unavailable to you. Want to Upgrade?


To: Crusader who wrote (21)12/30/1998 6:39:00 PM
From: Peter Stier  Read Replies (1) | Respond to of 53
 
Crusader:

Fiscal year loss of <.03> was a result of all the turmoil, business refocus etc. around converting from a technology hardware supplier to a software services firm.

It was a year of consolidation of acquired companies, product lines, etc. Not to mention the unfocused management...

Clearly the last two quarters show operating profits indicative of a $ 10.00 stock. Plus that they hold some ETEL shares. Just need a couple of more .09 quarters to show it.

Today's normal profit taking is encouraging. Like to see it base here for a while...



To: Crusader who wrote (21)12/30/1998 10:07:00 PM
From: stock leader  Read Replies (1) | Respond to of 53
 
I recommended SOCT several times on this post in early December when it was 1 and change and trading below book value. However, SOCT has had over a 200% run-up in the past couple days, so taking some profits is probably a good idea. However, I would buy back on weakness. I wonder if some analyst firms are going to start covering SOCT-it would be about time....

What's the deal with SOCT's $5 restructuring loss--Did
they record all of this in the last quarter, or was this
already reflected in their last balance sheet??