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Technology Stocks : CustomTracks Corporation (CUST)
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To: Bob Trocchi who wrote (2264)9/10/1999 4:30:00 PM
From: Tom Hua  Read Replies (1) of 2514
 
Bob, Cook is not shielded from lawsuits when the stock tumbles. Unfortunately for him, his big mouth will come back to haunt him. He'll be accused of misleading shareholders. Cook led shareholders to believe that:

1. 35 to 50% of email users worldwide will sign up for ZixMail in the first year.

2. Up to $120 MM of revenue/yr to be recognized from ZixMail (in his CC opening statement).

3. The company will never miss a deadline. In the May CC, he stated in no uncertain terms that when he personally expected to meet a milestone by a certain date, he would add some margin to assure 100% delivery. We now know he misses the deadlines for roll out of ZixMail and ZixCharge.


Regards,

Tom
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