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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream
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To: Trader Dave who wrote (513)1/15/1998 2:37:00 PM
From: Eric Hautemont  Read Replies (3) of 846
 
TD:
Highly unlikely, the board would probably expose itself to lawsuits if it was doing that, as it just does not make business sense.
This being said, what could very well happen would be for their new interim President, Bill Lane who is a CFO by training, to adopt a very conservative revenue recognition strategy, clean channel issues (if any), etc... thus reducing the overall revenue booked for the quarter. This not only makes business sense (they got punished by the Street already so they might as well take this opportunity to be aggressive in taking a defensive/conservative view of the business) but would allow for upside in the quarters to come. This would in turn make the company more attractive to a potential CEO, who would feel confident he's starting from a good position. This could, as a side effect, temporarily drive the price of the stock down (hence the stock options for newly hired personnel such as the CEO) depending on what the final revenue and earnings figures turn out to be. But though the result would be the same, it would be done to strengthen the business, not to give someone a better deal on options. I, for one, believe this would be good for the business long term.
Eric
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