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Technology Stocks : DSSI/DATA Systems & Software
DSSI 8.700+3.9%Aug 12 4:00 PM EDT

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To: jtech who wrote (1029)6/7/2000 8:47:00 AM
From: yosi s  Read Replies (1) of 1061
 
israelinvestor.com

What Israeli stock sells for $5 and has about $4 a share in cash?

C. Ariella Sofia 6/7/2000 08:25



A friend of ours visited with DSSI Chairman George Morgenstern yesterday and came away with the news that each division of the company is doing well.

The big news is how well the Comverge Technologies subsidiary (data communication and load control solutions to utility customers) is performing. Comverge appears profitable at this point before borrowing costs are factored in for its recent acquisiton from Scientific-Atlanta. The meter reading business with Gulf Power in Florida has gone well enough that GP is asking for a speedup on future deliveries. Comverge also has meter reading pilot projects in Venezuela, Thailand and Taiwan. We think it's possible a contract may be announced in South America in the near future.

Meanwhile, that $31 million that DSSI got from the sale of its portion of Tower Semiconductor is building up interest income. Not to mention accounting, pretax, for over $4 a share in cash, which makes the rest of the company valued for less than a buck a share. We're not going out on a limb here to say that DSSI shares are grossly undervalued.

Data Systems & Software Inc.
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