Identity crisis
Article Abstract:
Seec Inc. of Findlay, PA, a software company, is seeing its stock suffer from its image as a Y2K company. Seec is among the many software firms that have been hit by investors' negative perception towards companies that handle the so-called Year 2000 computer glitch, also called Y2K. According to Adam Kaplan, an analyst at Westergaard Online, investors have become more careful regarding their choice of Y2K stocks since the initial enthusiasm over the category in 1997. According to Seec president and CEO Ravi Koka, the Y2K problem, which has been related in one way or another to roughly 90% of the company's business, is a boon as well as a bane. However, Koka believes that the company will continue to thrive as software problems around continue to linger in the global business arena.
Comment:
Software company sees its stock suffer from its image as a Y2K company
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Internet start-up pulls out for Boston
Article Abstract:
Be Free Inc., based in Pittsburgh, PA, has decided for a relocation of its headquarters to Boston, MA, after landing $17.6 million in financing, but will retain its current office. The startup, a maker of software letting firms analyze and target advertising and marketing campaigns over the Internet has 15 local employees and another 15 in its main offices in Marlborough, MA. Be Free co-founder Sam Gerace said the firm, which hopes to double its local workforce by the end of 1998 plus another 15 the first quarter of 1999, moved for financial and strategic reasons. Be Free received the financing from Chicago, IL-based Comdisco, a computer-services firm, and venture capital firms Matrix Partners and Charles River Ventures, both based in Massachusettes.
Comment:
Is relocating its headquarters to Boston, MA, after landing $17.6 million in financing, but will retain its current office
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Turnabout is fair play
Article Abstract:
Oakland, CA-based WiseWire has invested into Pittsburgh, PA-based Storm Systems, a fledgling manufacturer of software products that hasten the operation of computer systems servicing the Internet. WiseWire is similar to Storm Systems in the sense that both companies offer proprietary technology, which they plan to utilize to generate earnings from the World Wide Web. Storm, however, is distinct from WiseWire in the sense that the new firm simultaneously created its business and product technology and that it has founders with long working experience in the high-technology sector.
Comment:
Secures an investment from WiseWire of Oakland, CA
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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