Aspect Telecommunications (ASPT) Message Board

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Technology Stocks : Aspect Telecommunications (ASPT)

ASPT 0.0001000

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Oct 22 9:30 AM EST

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To: MeDroogies who wrote (1953)	3/21/2001 6:21:26 PM
From: WTSherman	Read Replies (1) of 2018

The people running this company are screwing up big time. I think they have a good product(s) and have moved in the right direction. However, their spending is totally out of control. They've doubled the size of their sales force in the last year and now with the slowdown they're really underwater. I listened to the cc yesterday and they said they're not going to reduce the sales force. That's too bad, because right now they're losing about $40M a quarter and have about $140M in cash. That's only three more quarters like the last one. I bailed out last night after I heard the conference call(whomever bought my stock for $7.50, thank you!!). There's no way that the current economic slowdown reverses in just six months. Its going to take something like 18-24 months to get back to the pace of growth and activity that there was a year ago. These guys don't seem to get it and are going to spend the company into oblivion. They also spent a bunch of $ on stock buybacks that now look totally stupid. It's too bad, but, I think they're toast....

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