I told all you Seecer's to check out the OLB to
recover your loses several times for weeks/months now.
Hope some of you jumped
Check my prior posts just a couple of weeks ago. EGRP,
was only in the high 50's... Now EGRP
96+, AMTD 142+, NITE 98+.
What a country! What
a great sector!!!!!!!!!!!!!!!!!!!!!
MONEY, MONEY!!!!!!!!!! Come join the
It seem that SEEC stock is sitting at 4 to 4 1/2.
I think SEEC Company should release some good news
to make stock price pass a resistance 4 1/2. July
time frame is started now Y2K sector should do better.
Heard from a reliable source that SEEC is in
talks with Some Internet solutions company for a Big
MERGER. As we guys know SEEC is very strong in
re-engineering technology for Web Enablement and for too many
other things. If u are intersted go to their web site
and see the white papers. With these kind of mergers
SEEC is going to be Very BIG. This is the right time
to realize about the TECHNOLOGY and FUTURE of SEEC.
This is not a Internet Gambling.
SEEC should be announcing their quarterly report
for last in a matter of days. My guess is that there
will be another loss from operations!! Current quarter
is almost over...my guess...another loss from
operations!! Maybe they will blame Y2K (oh yes...they used to
be a Y2K company)...Maybe they will blame Y2K
Sure to blame something...Can't seem to generate much
revenue and can't seem to earn money from operations...
Seec hasn't shown anything worth hanging your
hopes on. What good is cash when they have no products
or services to sell that will generate new cash?
They've talked about their intentions...well intentions
doesn't make money. New contracts for new business
creates the money that drives its stock price. Secc
doesn't seem to have this.
How long should it
take Seec to come to market with new
products/services? Does anyone really think they're going to come to
market with anything?
I, too, think that with the cash sitting on the
balance sheet that the upside/downside ratio looks good.
But I think calling this an "interest rate" play is
stretching things a little too far....With twenty five
million dollars earning interest if the rate goes up one
percent then they will earn an additional two hundred
fifty thousand dollars pretax which will be about one
hundred fifty thousand after tax which would be two
pennies of earnings. Anything extra is nice and welcome
but I would rather see that money invested in a
business that will earn them a lot more than T-Bill rates.
just a note....
I wanted to let you guys know
about a stock I found out about on Friday,
Perceptronics - PCTR - now trading at $1.25.
Perceptronics' main business is the manufacture and marketing of
computer-based simulation systems for use in commercial and
military applications. Now they are breaking into the
internet gaming market with some great 3D technology. What
is amazing is that this company's core business is
profitable, with increasing revenues and
Perceptronics is the classic example of a company which is
profitable with current operations, yet is breaking into
much broader applications with their technology,
thereby creating a vast potential for shareholders.
Their new product, IC3D (tm), gives software and web
site developers the ability to create the type of
mass-market, people oriented 3D experiences that web users
have wanted for years. IC3D (tm) lets multiple users
interact completely, naturally, and instantaneously in
shared 3D virtual worlds - to play and to learn, to shop
and to communicate - all while sitting at their
individual computers and connected through standard web
A description of the IC3D (tm) project technology,
along with product and service contact information, can
be found at: http://ic3d.perceptronics.com/
Further information about the company can be located at
Many people have targets of $5 to $10 on this one,
considering their technology is so hot....... BTW -- Earnings
due out next
I can see that Telxon dropped like a rock. I was
watching the headlines when it dropped and the flurry of
law suits came out against it. I'm not exactly sure
what the reason was for the restatement. I just went
back to find some articles from the first of the year
but couldn't find much.
What I did find though
sounded like they were mistreating certain
the books which they needed to write off creating a
loss(correct me if I'm wrong). In a more recent article (out
today I think) the company was going online saying that
the current quarters revenues were going to be in the
90 million range which is on target for sales. Which
doesn't sound so bad. If this Raj Reddy guy had a hand in
the accounting treatment which caused the losses (I'm
sure he was partly responsible. He should know about
how the company is treating certain numbers of the
company) than I agree with you that this guy sounds like a
slacker, but the fact of the matter is that SEEC needs to
get its sales up to create some momentum.
Believe you me, I was very stupid to get into this
company. It was my first trade with my new online trading
account and I made a stupid move right after that Barrons
With each quarter thats come and go since Novemeber, I
just can't believe that the news seems to get worse
and worse. How can they continue to have decreased
sales and increased expenses when the company is
supposed to be a year 2000 solutions company.
write this I'm starting to agree with you more and more
that if this Raj Reddy guy has had his hand on the
wheel for the past six months that this ship is stuck
on a sandbar somewhere. This guy at work told me
about CMGI back in November when I bought this stock.
CMGI was at 60 and zoomed up after splits to the
600's. I'm just hoping to see a single blip of good news
about SEEC. Right now the only thing going for this
company is its cash position which I also agree could
dwindle away quickly with future mis management. I'm not
in the market for services that SEEC offers but I
sure would like to know if I was it would be a company
that I'd want at the bat for me. I guess I'll have to
wait for the next quarter earnings report to find out.
Thanks for responding and good luck to ya.
I've been so sick and tired of reading posts for
the past couple of months with several of the authors
bantering back and forth about where to invest. Its a nice
change to actually hear some real thoughts on the
numbers of the company.
Does anybody have any
ideas on how this company transacts business? Is SEEC
thought of highly in their respective field. Are they
able to hire competent employees which can stand
behind their products? If you were a company looking for
e commerce solutions would SEEC really be a good
partner? The numbers for the last year seemed pretty weak.
Is this a sign of managements innefectiveness to
garner new business or are their products and services
below par. I'd have to believe that with the cash
position and a positive quarter this stock would jump back
into the $6+ range.
I'm planning on doing some
digging in the local papers. Would sure like to see this
stock jump back a bit.