Hi all,
I personally know some of the BOD members, particularly Dr.Carbonell and
Dr. Raj Reddy. Both are in the cutting edge of research in computer
science, and in fact, Dr. Reddy, as you probably know, sits in the
advisory board of Microsoft. Both were my former professors when I was
at CMU, and both are respected world-wide in terms of their skills. The
team that have developed over these years at CGIX are really hardworking
programmers and other support staffs, and their level of commitment
to hard work and perfection are exemplary. The fact that CGIX has close
relationship with CMU is a definite plus, since that means not only
they can get some expertise at low costs, but they could also utilize
some hardwares available at the School of Computer Science for this
purpose.
My only concern at this point is about the consistency in earnings. In
fact, this is one of the cautions that CGIX explicitly mentioned in the
prospectus. Given the nature of business/contracts that CGIX is enganged
in, some revenue might not be realized in a predictable manner the
Wall Street likes to see, because of billing/progress of the work done.
Subsequently, it may falsely indicate that earnings in any quarter is down
(esp. compared to the previous qtr), and in another qtr, it may falsely
indicate that the earnings jump drastically, because of this kind of billing
process.
What do you all think about this?
Asmawi |
