Bcoch, Yes, I'm the one who put up the Q3 projections based on the reported Q2 results. I love to consider the possibilities. Am I crying "foul," or crying at all? Not exactly.
I noticed the reported revenue of $37 M for the May shipments of Suite 8, and had already purchased and used it, and could see how good it really was. With the roll-out of advertising using network news time, I then realized that if Corel could sell $37 M each month of their latest and greatest suite, revenues and profits would be superb for Q3.
Posting that analysis on the thread in the form of an income statement compared with Q2 must have sent "shockwaves" to Corel management by creating that kind of expectation. The responses to that post mostly decried "unrealistic expectations," and "too cheery." The original analysis was only a "what-if." (I think management must have recognized at that point, that they had made a huge mistake reporting that much revenue for Suite 8. After all, they had created the expectation, not me.)
After A.H.'s thoughtful projections of revenue with an even more specific product breakdown, it became clear that if all other things remained the same, Q3 would be a winner.
How can I cry about missing the Q3 revenue by $85 M when the "more informed" analysts missed it by some $50 M.
I just cannot accept the fact that Corel does not seem capable to move a great product like Suite 8. And this is bothersome, Microsoft or no Microsoft. In this big wide English speaking world, it just doesn't take selling that many copies at $80 to $89 a pop for a company of Corel's size to be profitable. But management has not been able to focus on moving the Suite. Too much talk, effort, and resources given to future technology. Message to Management--FOCUS ON THE SUITE.
Up, Up, & Away!
Scott |
