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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE] -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (413)	2/26/1999 11:08:00 AM
From: WTSherman	Read Replies (1) \| Respond to of 792

I am so glad I dumped most of the stock I had in this mess a few weeks ago. I only wish I had gotten rid of all of it. There really doesn't seem to be much going on here that's very positive. Subtract the contract work for the German's and the only significant revenue stream is related to NN. This will not sustain the kind of growth that fuels a s/w company. One other thing struck me, the $1M write-off that Crosskeys is taking related to the bankruptcy of another NN affiliate seems a little odd. Maybe someone could correct me, but, I don't believe that NN had to take a write-off for goods sold, but, not paid for by that company. How come Crosskeys did? Did NN make sure it got its money out and left Crosskeys and other's holding the bag? Also, it seems odd that management didn't talk much about the declining revenue stream from the work done for Siemans, before this quarter. Yet, obviously they knew pretty well that it would be going away.