Remedy Taking a hit why? Message Board

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Technology Stocks : Remedy Taking a hit why?

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To: Clam Clam who wrote (356)	11/24/1997 1:02:00 PM
From: Shege Dambanza	of 763

My internal sources tell me that the party line remains that the guy's leaving for personal reasons. Apparently he wants to work in something related to health-care. Wants to give back to society, yadda yadda. I think that's credible. However, like you, I continue to believe that growth will slow down. It remains to be seen how good the new guy (from Centura) is. My sources further tell me that Remedy is going through growing pains. It is a very young company (low average age), and the structure and organization and discipline that comes with increasing sales is causing significant turnover in the ranks. OTOH, this is quite common in the lifecycle of high-growth companies (staff turnover at IPO, $100-$300MM sales, and at $1B sales). On a different matter, check your e-mail later today. I have some news/info that may be of some interest to you and Steve F and TD.

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