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Technology Stocks : FirePond Inc. - FIRE

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To: D. K. G. who started this subject8/6/2000 8:37:49 PM
From: michaele23  Read Replies (2) of 57
 
Denis or anyone--maybe it is time to look at FIRE again. The stock is at a real low, nowhere to go but up at this point. Earnings are coming up on the 23rd and they have signed a number of new significant customers this quarter including Deutche Telecom.

I was doing DD this afternoon, and I have to say I am surprised at how low their stock has fallen, in spite of how badly the Nasdaq is doing. This may be a good turn around time for them.

The only thing I could find that would explain their stock price woes is that Yahoo Finance listed them as having 75 million in expenses the first six months of 2000 against 12 million the first six months in 99--a huge increase attributed to "preferred dividends".

If anyone is interested in this company at this point I would welcome some discussion. I am thinking it may be a good earnings play next week, perhaps even time to go long again?

Michaele
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