| An SI Board Since October 1996 |
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SYCR |
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Buy it, and double your investment by Christmas. Here's why:
I'm following SYCR for some time. I was facinated by their ability to run on hot air, and the entire "professional" magazines and test lab (PC magazine and up) bought their bogus claims on Win95 RAM doubler. They had to give back $12.5M to avoid FTC action. And they paid.
Since then, they re-grouped, raised some serius cash outside the country, and hire some very good management and outside indipendent QA. The stock now is under $1.5, with $10M in the bank.
My assesment:
They know how to market. They know that nobody will pay for a product they created themselves. The only recorse they have is to buy or licence new products, without the bad vibes related to their past action, then use the money and the marketing muscles to push it through Cristmas.
Their CEO said today (9/30) that "Having built a solid infrastructure over the past six months, our strategy for the next year is to rebuild our revenues and earnings power through an exciting array of new software products. Syncronys is now refocused on product development and marketing to accelerate the successful introduction of powerful software products in the productivity category that address vast consumer markets," Poertner explained. "To do so, we are actively seeking to acquire or license innovative software technology in an
advanced development phase, and we have dedicated increased resources to quality control and to our in-house development of creative new applications for our proprietary technology."
I think they already "acquire or license innovative software technology" and this is the basis of his promis: "...as well as at least three other new software titles that we expect to announce and ship before Christmas, Poertner said."
Backle your seat belts and enjoy this ride.
A. Sarig.
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