Remedy Taking a hit why? Message Board

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Technology Stocks : Remedy Taking a hit why?

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To: Thomas DeGagne who wrote (755)	1/28/2001 11:40:27 AM
From: Qualified Opinion	Read Replies (1) of 763

A few more points made during the earnings conference call>>> Remedy increased its sales force by 30%, 370 salesmen on 1/25/01 versus 285 on 9/30/00. Many of the new sales reps. are from the competition. Remedy has 188 partners under contract. Remedy will be selling solutions by market segment. They can deliver solutions faster than their competition. This enables their customers to adapt quicker to a changing environment. They added 250 new customers during the quarter including Lam Research, Fiat, Nasdaq Japan, Lehman Brothers, Prudential Europe, Capital One, Zurich Bank, Northern States Power and Chicago Stock Exchange to name a few. Remedy has approximately $7 per share in cash on its Balance Sheet.

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