IMGX, currently $3.50 Message Board

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Microcap & Penny Stocks : IMGX, currently $3.50

IMGX 0.0001000

0.0%

Oct 28 5:00 PM EST

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To: John Morelli who wrote (455)	10/30/1997 8:51:00 PM
From: Jay Morrison	Read Replies (1) of 665

IMGX is not losing a lot of money. About 15 cents per quarter. It would not take much to make the company breakeven. This is a new type of software they are selling and it is just now gaining acceptance. This is a small cap stock with a lot of risk. Look at the other company mentioned in that post. They have about $12 million in revenue each quarter (similar to IMGX), barely breaking even at 3 cents per share this quarter (IMGX could do that soon). And they have 27 million shares outstanding. (About like IMGX) Their stock price is around $10 per share. THAT is what keeps me in IMGX. They just need to get their revenue growth in gear and breakeven for people to start buying this stock and it should get serious. Investors will buy a stock if the revenue is growing. The company doesn't even need to make money. (Look at Netscape for it's first two years). IMGX was a $14 stock when it was growing and acquiring other companies. They never made money, but the stock had value based on the revenue growth. I think that will happen with the Sybase VAR relationship and the other VARs and OEMs that they are signing. But it will NOT happen if they report another quarter of around $10 million in revenue and a 15 cent per share loss. They need to show the loss getting MUCH smaller and the revenue growing. I would be impressed with $12 million in revenue. The latest Intergraph (INGR) announcement was very favorable. A company with $588 million in revenue will now be using 1View as an off the shelf addition to their main line of software products. That has to be worth somethig even if only a small percentage of their customers use the 1View add-on to Intergraph's products. Just my uninformed opinion, Jay

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