I was made aware of this stock on a chance meeting on an airplane. I sat next to a highly placed individual from a major brokerage firm who was on his way to the middle east to meet with some of his big money clients. He also happens to live about a mile from my house. He told me that he had invested a considerable amount of his own money in this stock based on conversations with management and the promise of the MSFT deal. He gave me his card and we have corresponded since then so I believe him to be legit. I believe that the recent financial performance turnaround is right in line with what he told me and that we will see significant revenue from the Nortel and MSFT deals in the timeframe that was advertised. I also thank those folks in CA for giving me the opportunity to pick up an additional 5K shares at 29/32nds!
Time will tell but I believe that, come 1999, I will be very happy with my investment in CICI.
I assume, Portland Steve, that you live in Portland, Oregon. If that is true, I am certain that I know who your contact is.
To answer the question posed in the previous message about operations in China, the primary focus will be to cut administrative costs and taper some of the more expensive salaried executives' compensation. Who and how much I do not know. However, from what I have been told, about a million dollars will be cut from bottom line expenses.
I would also like to take the opportunity to give information about the President and COO, Mr. Guido DiGregorio. He joined CIC after an incredible record of streamlining at General Electric. I am sure that many of you out there have heard of this company. He intends to one day have CIC at the same level of financial security that GE has enjoyed. Of course, CIC will not attain the massive revenues that GE gets annually, but his purpose is to improve the bottom line by any means necessary.
From my source who I know is very reliable, he said that by 4th quarter this year, CIC should have positive cashflow -- a positive EPS for the first time ever. If the stock price of CIC is currently $1.06 per share with negative cash flow, can you imagine what this stock will be worth once they post consistent positive earnings. Who knows how much this stock will be worth?! I look forward to learning the answer to this question.