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Recruiter - Tue, 31 Dec 02 :

I am a holder of BLZ.
However as someone more naieve about the tech stuff, I simply go by facts, figures etc.
If everything is so rosy & golden then why:
A: make a load of people in E-Sys redundant. Now BLZ don't spend money, so they are not exactly draining resources. My theory is that E-Sys isn't upto much.
B: If BLZ are doing so well, have a potential deal with VOD, then why doesn't the City think so. Believe me, if they thought that BLZ had a winning chance, this price would be rocketing, they always know before private investors.
C: the price is going backwards, which to me means the City feel BLZ don't have much of a chance in any real big battle & future prospects look bleak.
D: if BLZ has so much going for it why is the share price 50% less than the cash they have in the bank ?
E: apart from FID, I can say that very few banking groups like BLZ.

Now don't all jump down my throat, as I have said I am a holder, I hope the company does go places, I simply don't wear rose coloured specs.


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