READ IN BETWEEN THE LINES FOR $$$$
Initially I looked at these results with a little bit of disappointment before I realized all of the bright spots.
FIRST they were able to cover their Y2K expenses. I know someone in the IT business for over 10 years and he tells me that MANY companies spent significant amounts of money preparing for Y2K and will take those writedowns in Quarter 1.
SECONDLY remember these results are for 1999 and SINCE THEN IDC has ramped up Starburst plus a number of other contracts !!!
THIRDLY the PR stated that the BACKLOG is at a RECORD and this will make for a stromg Q1 & Q2 vs many other Companies !!!!!
FOURTHLY they are HIRING LIKE CRAZY in Ottawa plus the previously mentioned expansion.
LOOK AT THE GRAPHS and you will see that IDC has ' bottomed out ' @ $4.10 - $ 4.40 so the baseline is set for a SOLID rise. Don't forget there are a LIMITED # of SHARES available so any demand will cause an increase !!
I made some money on UBS but in my mind there is NO COMPARISON ! IDC will be back trading between $6 - $7 by next week.
LAST POINT !!!! Many Companies do not like to make major announcements while Private Placements are being completed ( you did note that the PP was done at $ 5.00 - NO PROBLEM ! ) so I do not think it is purely coincidental that we are now starting to see...... and WILL SEE some significant announcements !! Look for STARBURST to start to complete some 1st Quarter deals !!