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Mary--In re your #4723: Let's stop dumping on poor Kim. The failed
January secondary was scarcely his fault. His interest in the
expectations of small investors is probably negligible, and rightly so:
do you really think that he should have pumped Q2 for all it was worth
at the expense of Q3 just to keep us happy? Like it or not, it's the
Street that counts, and doing things like keeping $4 million in
reserve against the rebates are apt to get him good marks from the
pros. The problem with European sales is that they're down generally.
I do think they could make a better marketing effort here, but it's
difficult: a lot of countries, a lot of different languages, very few
local newspapers (they're mostly national, which means no local
advertising), not as many large computer stores, and so on. I don't
doubt they'll be re-thinking this problem, but it's too late for Q3,
and in any case, as I think I said somewhere, a great many shops will
be closed for all of August: my local place,I've noticed, has already
taken to closing on Saturdays, as everybody goes away for the weekend
now. As to your other points, I fail to understand why volatility in
the stock might to any extent have been caused by management. Finally
IOMG's got what many of us wished for it to have: a chance to be
taken seriously as a company. But this also means that the rules have
changed. We'll see where we go from here. Q3 could be rough, but I
think they've got a good chance of realizing their goals in the end.
Janice |
