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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5874)	1/31/1999 11:40:00 AM
From: Joe Dancy	Respond to of 78476

I2: ICO provides computer consulting services and hardware for larger companies - most of those services are getting outsourced these days. The management is well respected in the articles I've found by both competitors and analysts - and they have been responsive to me when I've called with my questions - a plus that they care about dealing with the little guy and treating us with respect IMO. Services make up a relatively minor portion of the ICO revenues but a major portion of the earnings - so management several years ago began expanding the services side of the business very aggressively with acquisitions and internal growth strategies (cross selling). As you know Y2K issues are a problem, and ICO is a service provider for this area also. They missed analysts earnings estimate by a few cents if I recall last quarter - the first time in 16 quarters if I recall - so got beat. Is a very competitive segment (isn't all technology so) and margins are thin. Also some question/confusion as to the short term accretive or dilutive nature of a recent acquisition - but long term should do well. But I like the revenue growth, the plan to move into services, and management for the long term. I have a somewhat dated review of ICO at members.aol.com - click on the "Portfolio Analysis" button and scroll down to ICO - have a lot of good links to financial and other information - or go to the "Model Portfolio" button then on symbol ICO. FWIW. Joe