>>Minimal volume compared to previously released reports which only blew hot air. There was also more signifigant price movement. I can't believe that the MM's are overly happy with today's action, they probally thought TPII would be much hotter today.<<
Blame it on TPII. As I expressed in my previous post, I feel TPII has done an extremely poor job in regards to press, and the stock is suffering as a result.
Yesterday's press release was very weak. Instead, what the company should have done is:
1) Released a separate press release for each of the two contracts that have been finalized with Polaroid Canada Inc. and Productivity Point International, as well as an additional release once the contract with "a mutual funds company to implement Lotus Notes and Sales Force Automation solutions" is finalized.
2) Released a separate press release for their "first tool set sale
to Informatech Inc.," and include in this press release that "TPII is also completing the proof-of-concept for Magnatron Inc., of Knoxville, Tennessee."
3) Waited and released a separate press release once the translation/Y2K contract is finalized "with a southern U.S. electric company."
4) Waited and released a press release regarding "two additional
contracts with an automotive parts manufacturer."
It seems to me that the contracts with Polaroid and Productivity Point International have been done deals; again, why wait to announce these, or bury this information as one line blurbs in a "market update?" As to the other points I have made, I feel information should be released once a contract is finalized.
The fact is, TPII provided yesterday's "market update" mainly because shareholders (read: we) were starting to scream "What the hell is happening?!" No one would have been complaining, however, had TPII announced contracts as they came in.
Again, blame TPII.
regards,
JS |
