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   Non-TechSystemax Inc. (SYX), formerly Global Directmail (GML)

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To: hdl who wrote (14)1/12/2007 1:44:35 PM
From: zx
   of 17
 
SYX @ $33+ will still be undervalued.
management has made some good changes.
the economy is doing well.
vista is coming out.
this should be a great quarter.

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To: zx who wrote (15)1/16/2007 5:33:00 PM
From: hdl
   of 17
 
it is doing better than gtw

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To: hdl who wrote (16)1/16/2007 7:12:17 PM
From: zx
   of 17
 
(syx is doing better than gtw)

SYX has gone from $7 to $20 in one year
and is still undervalued.

GTW is negative for the year.

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