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Technology Stocks : Micrografx(MGXI)
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To: James S. Martindale who wrote (508)10/6/1997 10:52:00 PM
From: Jacky AY   of 543
 
Have you received the annual report from MGXI yet? I'd only taken a brief look at the future plan for the company. And I will stay "cautiously optimisitc" on their strategy to crawl back to profitability. It's now apparent that they have identified the real problem (i.e. non-profitable operation, no revenue growth, no dominant market share etc...). And Doug Richard said he will focus on three main area to turnaround the company, namely Enterprise Graphics, Personal Creativity, and Web Graphics. Given that he said the company is still in the process of doing so, I don't expect any great earning for the past quarter. However, we all know that everything is priced in the stock now. The stock will rally as long as the forward looking statement is upbeat. Still holding on my core shares...
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