From the Yahoo QDEK message thread.
messages.yahoo.com@m2.yahoo.com
Subj: There is hope for qdek yet
By: marcona
Date: Dec 11 1997 7:20 A.M PST
Reply To: Msg. 46 by herbster22
I wrote a long post late last night but somehow my pc managed to freeze as I was posting it and lost it (I need realhelp), so here is a condensed version. I attended the party yesterday and things are looking up. Young guy in the Q & A dept (tech support?)
4 months new to the company and was very bullish on its future, he said several talented new guys at the company and all are very excited. The treasury manager told me they were looking at 15 to 20 million in revenue as target for current qtr (I thought he said net, but guy I was talking with at exit thought he said gross. big difference), also mentioned they wrote down the sale of their datastorm building last qtr and that should bring in about 7 million this qtr when sale is completed.(wrote it
off last q but cash exchange is this qtr?, kind of lost me there.) He seriously doubts any stock manipulation is going on by the holders of the convertible preferred since there is language against it in the agreement and consequences if they do. They thought recent decline in the stock was due to tax loss selling. He couldn't answer why there are no company buy backs or insider buying but said "just wait and see" (can't tell what it means but sounded positive) Both him and later Hessler said there
was little to no marketing at qdek until recently, they have increased their marketing $$$ and will do so in the future. Hessler said "he may get some hard times from a couple of people (about increasing marketing $$$)since it impacts the bottom line but needs to be done". They have drafted a couple of talented people from cybermedia to do the job, so if next couple of qtrs show dissapointing earnings, look to see how much went to marketing and do the math before dumping your shares. Realhelp will
be released after the x-mas holiday, "around the 26th" and they will have a road show Jan and Feb. They all seemed to be on the same page, very positive (expected) but I got the feeling that this company has new talent and blood and they are optimistic about their future. We walked away with some nice gifts... qdek carrying bag, qdek hat, qdek t-shirt, cleansweep deluxed, and tune-up.
I am not planning to add to my position (I am a new holder, in at 2 for a few thousand shares), but will hold and consider averaging up after a couple of qtrs.
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