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I'm new to stocks and small caps, but I'm intrigued by NIC, especially as governments look to collect revenues under tight budgets.

I've spent some time looking at financials, and I see that the Cost of Software and Services revenue is about 50% compared to the first 9 months of 2002.

Does this mean NIC is short-changing R&D? And is this reason for concern? It seems that much of what NIC provides is service, not just technology.

I'd appreciate any thoughts or insights. Thanks!
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I would be interested in any feedback on this stck as well.
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You are correct in that this company provides a service, so there isn't much need for R&D.

My experience has been that NIC is a great company, but a lousy investment. I suggest that you read the comments on the CAPS board. I think it was pennyplants's, but I can't remember for sure. Summary is that the leaders are more interested in lining their own pockets instead of providing value for investors.

I think you money would be better spent elsewhere.
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