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Technology Stocks : Micrografx(MGXI)

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To: John Binford, Jr. who wrote (495)8/14/1997 4:30:00 PM
From: Jacky AY   of 543
 
Just came back in town and finished reading the earning report. That PR really sucked - no doubt about it. I am just glad that the stock held up miraculously well.

As for the Designer and Picture Publisher, I really think the company's strategy is confusing. Yesterday, I visited BestBuy in the MidWest area and found that Designer and Picture Publisher are selling for $49.95 each as stand alone product. But, the Graphics Suite 2 package which also includes Simply 3D2 and Flowcharter 7 is selling at $49.95 after $150 rebate... Go figure! Is there anyone out there stupid enough to buy those stand alone products anymore? Besides, what's the point of rebating 75% of the revenue??? I have a feeling that MGXI is selling those products for losses. What's the point?
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