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Gold/Mining/Energy : Microstar Software

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To: sPD who wrote (23)10/20/1997 7:27:00 PM
From: Conky Lives!   of 96
 
You said:
>The good ship Microstar has righted itself and is now on a path of continued profitability.

I would like to believe this but unfortunately I don't for the following reason, that, since last February(97), after having several consequtive quarters with losses, Microstar made the decision to become a 100 percent professional services shop. They are now a professional services organization with consulting revenue buoyed with sales of product that they no longer actively maintain. Products have life cycles and they must continuosly be worked on (new version releases etc.) to make money. When they are'nt, the revenue that they generate decline. And, because of this, I believe that their overall profitabiliy will decline.

--Leon

P.S. Anyone attend their annual meeting last July? Was there any shareholder comments/questions re: the lack of a product focus?
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