Micrografx(MGXI) Message Board

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Technology Stocks : Micrografx(MGXI)

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To: Rene Madsen who wrote (489)	8/7/1997 8:01:00 PM
From: John Binford, Jr.	of 543

Congratulations MGXI. What a great quarter! They managed to increase costs in every category and reduce revenue. Their costs are just way out of whack. And look they even increased their capitalized software costs. What a joke. How much is old software worth? So do they depreciate this in one year? What we have is a company that needs to cut costs and start generating cash instead of spending it. The only money MGXI has ever generated has been from the IPO of their stock many years ago (at double the current price). Other than that they haven't even treaded water. I would rather the company have 30 million in revenues with 20% profits (6 million), than open offices everywhere and have 60 million revenue with a big loss.

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