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Technology Stocks : Aspect Telecommunications (ASPT)
ASPT 0.00010000.0%Oct 22 9:30 AM EST

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To: MeDroogies who wrote (1955)3/21/2001 7:00:45 PM
From: WTSherman  Read Replies (1) of 2018
 
Droogs, what I said was that it will take 18-24 months for growth to return to the levels that it was at last spring. The economic downturn may or may not reverse in six months, but, when and if it does is not the same as suddenly being at 4%+ growth, again.

As far as ASPT goes, they've shown that they can spend money with the best of them and each quarter its more of the same thing. Fact is their sales force expansion has not gone well, it was done too fast and went too far. Now they don't know what to do about their ballooning overhead.

I've followed ASPT for several years and reached the point that I am convinced that they do not have any clear path to profitability. Take a look at their balance sheet and what you see is a fast growing company whose expenses are growing even faster than revenues. Now you've got a real problem when suddenly sales hits the wall.
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