it is such a gamble but then..., page-5

um, energe you say iba can integrate some of their existing software into lorenzo - how do you know that? - it is just that my research says that lorenzo is based on a totally new platform with very cutting edge language which many of its critics said would prove to be a mistake - i don't know that you can integrate it? - I guess if csc approves then it would be ok - i just don't know - as for reoccuring revenue how much of a guarantee is there? Nearly all companies and analysts are cutting back on their forecasts it would be naive to think iba would not have to particularly as a large part of its revenue now comes from europe...yeah i remain concerned and cautious..particularly given the costs involved and the fine margin it has it cannot afford to loose any revenue... it bothers me that they announced that renewed contract of $40m in nz as a new one- I mean does that mean all the other contracts up for renewal haven't been successful? The silence from the company is deafening and i remain sceptical that they can complete lorenzo within the next 6 months and i don't think the market will like a delay..anyway interesting times ahead. I remain invested as it is just really interesting to see the outcome of this but I am prepared to loose my total investment. Also Allco have been successful in the aviation industry, I don't know how competent they would be assessing their investment into iba and e-health company it is certainly not their normal field...and as for cost reduction well 28 million really is not very much and i guess that reflects that isoft had as we know already massively reduced costs by 200m in 2007. sorry about the ramble