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Technology Stocks : Information Management Associates - (IMAA)
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To: TFF who wrote (46)8/21/1999 4:27:00 PM
From: Wolff  Read Replies (1) of 165
 
We expect that in some future quarter or quarters our total revenues or operating results will not meet the expectations of public market analysts and investors. Our failure to meet expectations or adverse conditions prevailing or appearing to prevail generally or with respect to our business will likely materially adversely affect our Common Stock price.

Talk about lowering the bar, they expect to disapoint

History of Operating Losses; Uncertainty of Future Operating Results. We incurred significant net operating losses in each of 1992, 1993, 1994, 1995 and 1998. As of December 31, 1998, we had an accumulated deficit of $34.3 million. Given our operating history, we cannot predict our future operating results with any certainty. You should not consider our recent revenue growth as indicative of future revenue growth or operating results. We cannot assure you that our business strategies will be successful, nor can we assure you that we will achieve or sustain profitability on a quarterly or annual basis.

Because of the factors stated above, we are not able to predict our
quarterly revenues and operating results with any significant degree of accuracy. If revenue levels fall below expectations, the shortfall would likely materially adversely affect our business, operating results and financial condition. As a result, we believe that you should not rely on period-to-period comparisons of our results of operations as meaningful indicators of future performance. We cannot assure you that we will be able to achieve or sustain profitability on a quarterly or annual basis
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