SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksSykes Enterprises (SYKE)


Previous 10 Next 10 
To: Kenneth A. Hintz who wrote (12)2/10/1998 10:23:00 PM
From: Dave Doriguzzi
   of 48
 
Who knows, I did what I stated and purchased at $20.50 (obviously a little early) then more at $18.50. If you look at the chart it has bounced off these levels many times - so who knows? I agree with the latter analyst who thinks this is a great buying opportunity. I think Sykes 57% Insider Ownership keeps these guys heads in the game.

Rob,
Glad your in! I think you will be rewarded.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Dave Doriguzzi who wrote (16)2/10/1998 11:58:00 PM
From: Kenneth A. Hintz
   of 48
 
Dave,

Yeah, I jumped in too at 18 3/8. It was a bit early, since I watched it slide to 17, but am happy owning it at this price.
Like you, I was waiting for a buy opportunity in the low 20's so I see this as a gift...

Share RecommendKeepReplyMark as Last Read


To: Kenneth A. Hintz who wrote (12)2/12/1998 1:01:00 PM
From: Kenneth A. Hintz
   of 48
 
Posted this morning:

TAMPA, Fla., Feb. 12 /PRNewswire/ -- Sykes HealthPlan Services, Inc. ("SHPS"), a joint
venture between Sykes Enterprises, Incorporated (Nasdaq: SYKE) and HealthPlan Services
Corporation (NYSE: HPS), announces the signing of a definitive agreement to acquire
Health International (OTC Bulletin Board: HTHN) ("HI") of Scottsdale, Arizona for $8.00 per
share. HI has approximately 2,826,867 outstanding shares. SHPS expects to close the
transaction on or before March 31, 1998.

Health International is a disease management company that provides a comprehensive
managed medical care program for employers and plan administrators to assist employees
and their dependents in improving the quality of their healthcare and reducing unnecessary
medical costs. Specifically, HI uses its integrated medical database to precisely target
patients with critical diseases who are consuming significant healthcare resources. Once
identified, HI develops a uniquely qualified staff of physicians and registered nurses to
develop and implement an individualized plan for managing the care of each patient.

SHPS has agreed to purchase all of the common stock of HI for approximately $22,614,936 in cash and will
use the purchase method to account for the transaction. As a result, SHPS expects to record a non-cash, non-
recurring charge of approximately $8.5 million relating to the acquisition of in-process research and
development, and also expects to incur non-recurring charges of approximately $500,000 for planned
integration costs associated with this acquisition over the next several quarters. Pursuant to the equity method
of accounting, HealthPlan Services Corporation ("HPS") and Sykes Enterprises, Incorporated ("Sykes") will
each record 50 percent of the SHPS' charges during their first fiscal quarters ending March 31, 1998.

Through the acquisition of HI, Optimed Medical Systems which closed on December 31, 1997, and other
outsourcing contracts SHPS has been awarded, SHPS will have an annualized business backlog of revenue
in excess of $30 million and approximately $1.8 million in after-tax earnings. Additionally, SHPS has received
an additional equity commitment from the joint venture partners bringing the total equity capitalization of
SHPS to $34 million; $17 million each by HPS and Sykes.

"The acquisition of HI will provide a very strategic piece of our operating plan," says David Garner, President
of SHPS. "With the additional equity provided by our parent companies and the acquisitions we have quickly
made, SHPS is poised to achieve significant growth and provide significant contributions to our parent
companies, Sykes and HPS."

Sykes is an information technology company that provides a full complement of outsourcing services to
companies worldwide. With more than 6,400 employees, Sykes provides information support services at all
stages in the life cycle of their products and services -- from initial development to documentation and training
to end-user support. Through recent acquisitions, Sykes also provides diagnostic capabilities and retail
software applications and support for back office and point-of-sale customers. Sykes, based in Tampa, now
operates nine domestic technical call centers, 11 European centers and 20 branch offices throughout the
U.S., Europe, Africa and The Philippines.

HealthPlan Services is a provider of marketing, administration, and risk management services and solutions
for benefit programs, serving approximately 125,000 small businesses and large, self-insured organizations.
With more than 3,300 employees, HPS' services include distribution, enrollment, billing and collection, claims
administration, care management, and information reports and analysis on behalf of health care payors and
providers of approximately 2.9 million members in the U.S. HealthPlan Services' clients include managed
care organizations, integrated health care delivery systems, insurance companies, self-funded benefit plans,
and health care purchasing alliances.

The statements contained in this press release that are not purely historical, including statements regarding
Sykes', HPS' and SHPS' objectives, expectations, hopes, intentions, beliefs or strategies regarding the
future, are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1934. It is
important to note that Sykes', HPS' and SHPS' actual results could differ materially from those in such
forward-looking statements, and undue reliance should not be placed on such statements. Among the factors
that could cause such actual results to differ materially are: changes in legislation; fluctuations in business
conditions and the economy; Sykes', HPS' and SHPS' ability to attract and retain key management
personnel; and the risk factors listed from time to time in Sykes', HPS' and SHPS' registration statements and
reports as filed with the Securities and Exchange Commission. All forward-looking statements included in this
press release are made as of the date hereof, and Sykes, HPS and SHPS undertake no obligation to update
any such forward-looking statements. SOURCE Sykes HealthPlan Services, Inc.

(Copyright 1998)

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Kenneth A. Hintz who wrote (18)2/24/1998 9:50:00 PM
From: ziad daoudi
   of 48
 
CORRECTED-RESEARCH ALERT - Sykes (NASDAQ:SYKE) maintained

Reuters, Tuesday, February 24, 1998 at 20:40

In a Feb. 10 NEW YORK story headlined "Sykes (NASDAQ:SYKE)
maintained" in fourth paragraph please read "...Shain..."
instead of "...Bendert."
A corrected version follows.

NEW YORK, Feb 10 (Reuters) - Robert W. Baird & Co said it
maintained its buy rating on Sykes Enterprises Inc after Credit
Suisse First Boston downgraded Sykes (corrects co name) to hold
from buy.
-- Sykes was down 4-5/8 to 18-1/4 in afternoon trading, a
fall that Baird attributed to the First Boston downgrade.
-- Baird analyst Paul Shain (corrects name) said in a
research note that there were concerns in the marketplace that
a lower effective tax rate due to certain acquisitions meant
that Sykes' operating earnings were below expectations.
-- But Shain (corrects name) said the sell-off represents a
buying opportunity. Baird's near-term target is $30, in line
with projected internal growth. Shain expects Sykes to post
earnigns of $0.85 per share for 1998 and $1.15 for 1999.

Copyright 1998, Reuters News Service

Companies or Securities discussed in this article:
Symbol Name
NASDAQ:SYKE Sykes Enterprises Incorporated

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ziad daoudi who wrote (19)7/11/1998 10:10:00 PM
From: Steven Luper
   of 48
 
Anyone interested in reviving the discussion of Syke? There's a STOCKWINNERS rumor that the stock will beat estimates on its next earnings report. The stock is already beaten down. Seems like it might be a good opportunity. Anyone?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Steven Luper who wrote (20)8/12/1998 9:42:00 PM
From: JGreg
   of 48
 
I'm surprised there is no discussion happening about this company. I was interested in finding out more about it.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: JGreg who wrote (21)1/14/1999 1:15:00 PM
From: Marty
   of 48
 
Just read a great review on the company in yesterday's Investor Business Daily and picked up some shares because of it. Noticed that the stock is up 10 points or about 33% since it was downgraded in Feb. '98.

Outsourcing is a great way to save money and it is clearly a trend for the future. (I also have some Fidelity Select Business Services and Outsourcing mutual fund that has done very well.) This has been an overlooked opportunity, which could be a good indicator for future upside. It is clear from the article that they can perform the services a lot better than the client companies.

It is a very similar situation to Solectron (another holding of mine) that expanded from just an assembly source to also provide, R & D, shipping, billing, collection and so on. You can have an idea and, say, a website and SLR will determine how to make your product, manufacture it, sell it, pack and ship it, bill it and collect the bills for you. All you have to do is get the idea and cash your checks. SYKE could provide additional services as well. That kind of expertise usually spreads like water on a blotter.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Marty who wrote (22)1/26/1999 8:56:00 PM
From: joetomarket
   of 48
 
I've heard that their earnings report is due out soon and should be great.

Share RecommendKeepReplyMark as Last Read


To: Robert Scott who wrote ()10/11/1999 3:54:00 PM
From: Peonie
   of 48
 
THE STOCK IS UP 4 IN THE LAST HOUR. DOES ANYONE KNOW WHAT'S GOING ON?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Peonie who wrote (24)10/11/1999 8:33:00 PM
From: Robert Scott
   of 48
 
I've been out of this stock for some time - sorry.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10