AOL 28/29 10 97 as of 5:55 am pst
Subject: Re: Sylvan Release
Date: Wed, Oct 29, 1997 20:12 EST
From: AAnasta902
Message-id: <19971030011201.UAA06836@ladder01.news.aol.com>
Just read 75 messages on the SI thread---whewwwww------sorry but i think theSylvan deal is going to be very expensive for IDX--after initial setup then the deal is 50/50--did i read that right???
200 dollar stock---???????????????????????????????????/
we can't even break 11 5/8 on the most recent surge. After looking over the financials seems to me only 5 percent of total revenues went to the bottom line, and that's including the litigation reserves and expenses. Although that is an improvement over the 3 percent recorded in the first quarter last year. did i read that right?? seems like cost of product and service revenues, Rand D and E, not to mention selling general and administrative
expenses are very high. Just my take on this ...
IMHO--this stock deserves to be exactly where it is today ----someone in a chat room once told me that IDX is a good stock but only at 8/9 dollars a share. If i hang around long enough maybe i'll learn something. I do hope the SI boys are right that this new announcement with SLVN will attract some attention to IDX becuase nobody really seems to care or get very excited about this stock except the men and women on the message boards. Still
long and waiting bought more the other day
art
Subject: Management
Date: Wed, Oct 29, 1997 21:19 EST
From: RMSpear
Message-id: <19971030021901.VAA13419@ladder01.news.aol.com>
I'm long IDX since $3 / share, but am very concerned about management. How could 2 guys screw up the Oracle stuff? That was IDXs exposure to the world. Yet, "2 guys" went unsupervised long enough to affect this deal? Randy and the boys should have seen the problem long before it had a chance to affect the companies bottom line. Damn! I would rather hear from IDX about how they will change management to prevent problems like the Oracle debacle rather
than that they fired "2 guys" that ran amuck unnoticed until the best deal that IDX ever had was wrecked for 2-3 quarters.
Subject: Re: Management
Date: Wed, Oct 29, 1997 21:47 EST
From: Halkhave
Message-id: <19971030024701.VAA16236@ladder01.news.aol.com>
I have not read today's stuff on SI but it sure is difficult to see the Sylvan announcement as anything more than a non-event. Indeed, Randy's reported non-chalance over the fact that the Sylvan deal had not even been announced is consistent with that view. He also must see today's announcement as a non-event. That does not mean that it does not provide a lot of potential for the future. But
the future seems to keep on getting pushed farther and farther out on IDX. Even Kessler went from .40 this year to .25 this year and .40 next year. His target price of 18 within twelve months is an eighteen month old target already. I am reluctantly beginning (not there yet) to push back my own expectations on this company in terms of time frame. But still long -- Hal
Subject: Re: Management
Date: Wed, Oct 29, 1997 22:16 EST
From: Mbenz59869
Message-id: <19971030031600.WAA19185@ladder01.news.aol.com>
RMSPEAR
I agree with you 100%. IDX has huge potential, but look at the loose ends that most companies would never allow to exist:
1. It took a bunch of people on the SI investor thread to straighten out the incorrect info that was being reported on several services (Zacks etc). The PR firm finally took care of it after two or three weeks of complaining.
2. The company website has been under construction (unfinished) for over a year.
3. The Learch lawsuit problem.
4. PR has been poor (at best).
5. Now the Oracle deal has been botched for the last several months?
Has this company become too large and complex for the present management to handle it? This is a critical time for the company to instill confidence in its shareholders and the marketplace. Management should start talking to shareholders on a more regular basis AND make certain that the details are finished! After all, that is why they receive those stock options!
Subject: Re: Management
Date: Wed, Oct 29, 1997 23:33 EST
From: SSpenard
Message-id: <19971030043301.XAA27066@ladder02.news.aol.com>
I also agree that management could be an issue going forward.Randy Fowler
may be an excellent engineer and visionary but does he have the skills to lead
the company out of the "startup" faze into a large well oiled multinational company?
The Oracle issue did not seem to be well handled considering the huge commerical
potential to put IDX in the big leagues.IDX will go nowhere fast without
selling product to commerical sectors.With 50% of the world's databases,Oracle
should have opened the door for IDX .I just hope the door is still open.Doesn't seem
like Oracle sales dept is selling much IDX product so far.Oracle could also be partly
blamed for poor sales.With less than 1 million in sales I wonder if IDX has even recouped
its R&D(and other expenses) for this Oracle product.
IDX is starting to get to the crossroads.Management will need to execute effectively
(especially as competition grows) or it will never get out of the minor leagues.I just
hope the current management can handle the job and/or make the nessasary changes
as needed.
You probably won't hear any concerns from most on SI.Too much hype over there
and I think some are in denial after their lofty expections for Q1 didn't pan out.
I'm still long but I too see concern like others on this thread.
S
Subject: Management and the Bear
Date: Wed, Oct 29, 1997 23:37 EST
From: MD1554
Message-id: <19971030043700.XAA27242@ladder01.news.aol.com>
<<<....How could 2 guys screw up the Oracle stuff? That was IDXs exposure to the world. Yet, "2 guys" went unsupervised long enough to affect this deal? Randy and the boys should have seen the problem long before it had a chance to affect the companies bottom line. Damn!>>>>
Excellent question rm....I thought management is supose to be their strength!
Subject: WSJ and Lehmann
Date: Thu, Oct 30, 1997 07:52 EST
From: Club doctr
Message-id: <19971030125201.HAA17588@ladder01.news.aol.com>
From todays WSJ:
>>Identix, a fingerprint-identification company, was up 3/4, or 7.6%, at
10 5/8 on the American Stock Exchange. The company agreed to form a
joint venture with Sylvan Learning Systems under which Identix will
provide full 10-print fingerprinting services at Sylvan Learning Systems
testing centers nationwide. The accord also will supply fingerprint
services to Illinois state agencies under an existing contract with the
Illinois State Police.<<
Also, Lehmann has issued new report which, incidently, I am unable to access. So any insight as to what it says would be appreciated.
lehman.com
Subject: Re: Sylvan Release
Date: Thu, Oct 30, 1997 08:08 EST
From: Club doctr
Message-id: <19971030130800.IAA18488@ladder02.news.aol.com>
>>We need a Nationwide contract to justify putting TP-600's
in every Sylvan location.Doesn't make sense to do it now
without a Nationwide contract in place<<
I was under the impression that there is an ongoing demand for fingerprinting services on a nationwide basis. I thought that getting fingerprinted was a prerequisite, and maybe an ongoing requirement, for employment in some types of work. Where do these folks get the prints done now...police headquarters? Is there any reason why they couldn't go the Sylvan Center instead? I certainly would prefer Sylvan...given a comparable cost. I didn't think
any "contracts" would be required to offer this service?
Lots of questions,
Doc |
