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Technology Stocks : Vignette Corporation (VIGN)

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To: Carl R. who wrote (496)10/26/2000 10:33:39 AM
From: Hungry Investor  Read Replies (1) of 628
 
Carl,

You stated that results were great. I agree that the top line numbers are great. A $400+ million dollar run rate for a software company that is only a few years old is spectacular. However, a $400+ million dollar comapny that loses $36 million on an operating basis (less charges, etc.) is not exciting to me. This investment is losing its luster and I think that it is time that I dump these shares. I have been holding for some time and unfortunately will have to take a loss. These guys just cannot control expenses. Their headcount is enormous and I think the vast majority of their expenses - counting over $80 million this quarter is (or should be in a software company) headcount related, and of that, mostly salaries.
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