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Technology Stocks : FirstWave Technologies (FSTW)
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To: Mike M who wrote (7850)2/4/2003 7:04:41 PM
From: TEDennis  Read Replies (1) of 9677
 
re: There certainly was plenty of revenue to make .40 cents

Uh ... yeah. I guess. But only if expenses were much lower than they were.

Are you trying to justify your analysis being off by about 50% ? You DID do some analysis before you came up with your estimate, right? I can't wait to hear Buddy's reaction. What was the big hole in his analysis that made him estimate so high?

re: expenses - They had to add personnel (read: overhead, expenses, whatever) to support the generation of that "plenty of revenue to make .40 cents". One hopes that the revenue will continue AT LEAST at Q4's rate, or it will be an ugly Q1.

Speaking of which ... having worked in the software industry for a gazillion years, I know that Q4 is typically the barn burner quarter, and Q1 is the "eat-at-Taco-Bell-cuz-that's-all-we-can-afford" quarter.

If those big contracts that keep being aluded to don't happen, all those added expenses (personnel) could be a killer.

Regards,

TED
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