Hi Robert,
you're a programmer, right? Thanks for
the details.
I you have followed the stock price
of Softquad and SPW for a few years,
you will know that summer 95 was their
golden period. I bought SKI at 2$ that
summer and sold later at 5$. Some people
did much better buying at 50cts and
selling at 8$. Anything with a smell of
WWW went crazy. Soon after SKI started
moving, SPW followed because of their
annoucement of Autobahn. Both stocks
moved in tandem. Investors didn't distinguish
between the two companies.
Around Jan 96, SKI became ambitious. They
did a reverse split and listed on nasdaq.
In the meantime, their HTML software started
loosing popularity to other web publishing
toold (probably acrobat from ADBE). Losses
started accumulating. They bought another
company, and losses, piled up even larger...
It really seems SKI is heading underground.
Unfortunately, SPW and SKI were intimately
tied together (the stocks) and when one
started tanking, the other one pretty much
followed pace, even though it is clear that
SPW is a very healthy and growing company.
About a month ago, SKI announced pathetic
results and the stock fell below 2$. SPW has
moved downwards in sympathy.
so if SPW can demonstrate 2 quarters of solid
revenue growth and profitability, I think it
will decouple from SKI as this latter company
falls off the radar screens.
that's the Softquad effect...
Trilobyte |
