Robert McWhirter Versatile Mobile Systems VMS-X WAIT Jul 09, 2004

The merger with Info Logic makes sense because Versatile by itself has not been able to get much traction by growth. Once you put all the numbers together, there doesn't seem to be a lot of net income left over. Fully valued.

Acquired Perfect Order, but market reaction has been a bit of a yawn. Thinks there is some opportunity here, but it will probably be about 6 months before you see the combination of the results.