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Technology Stocks : Entrust Technologies Inc (ENTU)

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To: hdl who wrote (1189)4/11/2006 12:47:51 AM
From: waitwatchwander   of 1205
 
Revenue growth since 2003 ....

... is miniscule. Given all the ways a software copy can account for revenue, it is going to take a lot more than a 2% increase to convince anyone that there is a growing need for their products. Given write-offs such as Asia Digital and the easy of moving products into the hands of channel partners it wouldn't take much of a cracked mirror to erase the value of that kind of growth.

The only good thing I see coming out of the current mgt is that they may have curtailed the severe cash bleed brought on by irrational "growth" expenditures during the Verisign Battles. If PKI is real and Entrust truly has valuable IP in the area, it should start to be reflected in their revenue.

The lawsuit last month was most telling. Maybe their IP is just being dribbled away because their products are just too complicated for patents to protect, execs to buy and IT folks to implemented. At least that fits with what has happened todate.

FWIW
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