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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (77417)	6/1/1999 12:13:00 PM
From: If only I'd held	Read Replies (1) \| Respond to of 119973

SPTR rockin' and rollin'. Holding for 15. Should be in a few weeks.

To: Smart_Money who wrote (77417)	6/1/1999 12:18:00 PM
From: kendall harmon	Respond to of 119973

CBSI-news from the disastre du jour. Complete Business Solutions Falls on Concern About Slower Sales Framington Hills, Michigan, June 1 (Bloomberg) -- Complete Business Solutions Inc. shares fell as much as 35 percent after the computer services provider warned its revenue and earnings will slow as some of its projects are delayed. Shares of the Farmington Hills, Michigan-based company fell 7 1/4 to 17 in midday trading of 3.9 million, making it the fourth biggest percentage decliner in the U.S. Earlier, the shares touched 15 3/4. Complete Business Solutions provides technology services to large and medium-sized organizations such as Year 2000 conversion and testing, software development and maintenance. The company warned analysts that some projects won't start on time and it'll affect the company's revenue and earnings. ''Some projects aren't going to start when they're supposed to. The company is likely to see some slower revenue and earnings growth than people were expecting,'' said Kevin Yen, an analyst at Adams Harkness & Hill, who rates the stock ''accumulate.'' The company's shares have fallen 40 percent in the last three months, reflecting growing investor concern that computer services companies cannot make the transition from Year 2000 conversion projects to non-Year 2000 projects. Year 2000 conversion projects consist of helping companies and organizations fix their older computers so they recognize dates correctly. Because the Year 2000 is six months away, investors are becoming increasingly concerned about slowing revenue in the second half. ''It's one of the risks inherent to all services companies,'' Yen said. Complete Business Solutions gets about 10 percent of its revenue from so-called off-shore business, or business outside the U.S. These projects are for U.S.-based companies and the work is done in the company's software development centers in India, he said. It's one of their most profitable areas, Yen said. Yen, who had expected the company to earn $1.18 a share for 1999, is now looking at earnings of $1 to $1.05, he said. Analysts expected the company to earn $1.18 for the year, according to First Call Corp. Analyst Moshe Katri at SG Cowen cut his rating to ''buy'' from ''strong buy.''