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Technology Stocks : Micrografx(MGXI)

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To: CLYONS who wrote (515)10/28/1997 9:26:00 PM
From: Jacky AY  Read Replies (1) of 543
 
I don't really know what "in line w/ expectation" means.
CEO Doug Richard never communicated with the public or so-called analysts.
i.e. There're no FirstCall estimates to compare w/ the actual earning.

However, I observed improvement in virtually all categories on sequential quarter-to-quarter basis.

These are the categories we want to see an increase...
(numbers in million except EPS and gross margin)

June QTR Sept QTR
revenue 15.035 15.531
EPS (before charge) (0.15) (0.05)
R&D 2.040 2.212
gross margin 68.7% 69.7%

These are the catagories we want to reduce...

account receiveable 9.611 9.419
inventory 1.287 1.159
sales/marketing 9.016 8.022
general/admin 1.837 1.510

I guess Doug Richard has done a pretty good job in slowing (if not yet completely stopping) the bleeding.
The September quarter has traditionally been a slow quarter for all tech companies.
So, I feel that the worst is definitely behind us.
But I don't know whether we're completely out of the woods yet.
You are right - we don't want to see anymore red ink!
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