Macromedia...making a comeback? Message Board

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Technology Stocks : Macromedia...making a comeback?

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To: Patrice Gigahurtz who wrote (2033)	1/27/1998 6:50:00 PM
From: Charlie J	Read Replies (2) of 2675

The consensus of -$.04 per share probably explains why this stock is fading. Patrice is right, previously it has edged up, then eased after reporting yet another lackluster quarter. With another loss expected, there is no interest in this stock right now because quarter after quarter after quarter they lose money. I agree with others that the prospects for the company look good, long term. The question now is, when is the CEO going to start managing for profitability? It's classic for new CEOs to wash out as much bad news and bad results early in their tenure, blaming it on the predecessor, and then get the earnings up, making them look like the hero. But this guy has been at it for a year now. He apparently isn't concerned, yet, about profits. It's about time the board of directors let him know that his honeymoon is over and it's time to get the ship in order.

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