MTIC - Is this the next EMC? Message Board

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Technology Stocks : MTIC - Is this the next EMC?

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To: gmccon who wrote (3725)	7/28/2000 2:05:00 PM
From: BostonView	Read Replies (1) of 3748

Raimondi's comments about MTI's poor quarter and deteriorating business model makes him sound like he's in way over his head and making it up as he goes along. Empty suit #1 (Earl Perlman) must be LHAO right about now! ""We will seek out companies whose systems solutions requirements can be met with the Company's successful Vivant product line. While this refocused effort is not expected to achieve significant results within the next six months, due to these larger companies' longer procurement cycles, we believe that we are already building momentum and have begun to create a pipeline of potential business." Translation: "We now have no choice but to try our hand in battle against EMC, SUN, IBM, Hitachi. It won't be very pretty and we'll be losing money and bleeding cash for at least two quarters. After that, well, your guess is as good as mine...I just hope I still have a job." MTIC is imploding. And Noorda sleeps. BV

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