After yesterday's press release regarding 2nd Q. results, the price of a share became so much more affordable. Here's a copy of the first 2 paragraphs of the release. Perhaps you can tell us your theory why there was a hugh rush out the back door overnight by its share holders:
"Remedy Reports Second Quarter 2000 Results; Revenue Grows 30% Net Income Increases 48% "
"MOUNTAIN VIEW, Calif., Jul 25, 2000 (BUSINESS WIRE) -- Remedy(R) Corporation (Nasdaq: RMDY chart, msgs), the leading provider of adaptable eBusiness infrastructure and eCustomer Relationship Management solutions, today announced financial results for the second fiscal quarter ended June 30, 2000. "
"Revenues for the second quarter totaled $69.1 million, an increase of 30%, compared with $53.0 million in the second quarter of 1999. Net income, excluding goodwill amortization, was $9.9 million, an increase of 48% compared with the second quarter of 1999. Diluted earnings per share, excluding goodwill amortization, were $0.29, compared with $0.22 for the same period last year. Including goodwill amortization, diluted earnings per share were $0.24 for the second quarter of fiscal 2000. "
"Strength in our packaged solutions highlighted the second quarter," commented Larry Garlick, Chairman and Chief Executive "
I think it lost a major customer and didn't want to tell us. |
