IPI ($1.01) Could Triple This Year...Read Why $1 is a great entry point for this giant in the making. IPI has been punished more that I had expected as a result of reporting a relatively weak 3Q2003. However, the company expects a strong 4Q2003 and even stronger 2004. IPI will report 4Q earnings in a few weeks. Island Pacific (AMEX IPI) guidance is to report fourth quarter revenue, for the period ending March 31, 2004, of $7 million to $8 million, and to generate net income of $0.02 to $0.03 per diluted share. IPI has a strong balance sheet featuring over $5 million in cash and cash equivalents and no long-term debt. http://finance.yahoo.com/q/bs?s=IPI IPI has been inching up towards it's 50-day average in recent days. I believe that the uptrend has started and will continue all the way through the upcoming earnings report in mid May. With the revenue/income additions from the Page Digital and RTI acquisitions fully implemented/incorporated in the near future, IPI could easily double and even triple by year end. http://stockcharts.com/gallery?ipi IPI is in the process of acquiring Retail Technologies Incorporated (RTI). RTI was recently featured on CNBC: About Island Pacific (from a company PR) For more than 25 years, Island Pacific has developed a reputation for delivering high-quality, high-reliability software to the retail industry. Recently, the company has transformed itself into the low- cost, high-value provider of retail enterprise solutions by developing breakthrough technologies, and by partnering with leading consulting organizations to provide next-generation services. In addition, Island Pacific leverages its years of experience with emerging and established retailers to craft creative solutions tailored for each customer's needs. As a result, Island Pacific is the definitive resource for scalable, flexible, and affordable solutions for retailers around the world. With nearly 200 customers, Island Pacific and its solutions are represented in more than 30,000 stores worldwide, and manage more than 1.5 billion transactions annually. Founded in 1978, the company is headquartered in Irvine, and has offices in the United States and the United Kingdom.