Systemsoft Inc. (SYSF) Message Board

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Technology Stocks : Systemsoft Inc. (SYSF)

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To: peter grossman who wrote (2996)	2/6/1998 1:16:00 PM
From: Brendan W	Read Replies (4) of 3529

I get your point, but are you implying that a 35% correction accurately reflects this news? If the revenues went to $0, the stock would go down to a small fraction. Their explanation ["The recent financial crisis in Asia resulted in delayed purchasing decisions with Asia-Pacific OEMs. Also, SystemWizard continued to experience long implementation cycles, even as industry acceptance continues to grow. Lastly, SYSF experienced significant turnover in its sales force."] is a short's dream. They don't have to explain a lack of growth. They have to explain what happened to 60% of their existing recurring revenue stream. And it's also a mystery in terms of the content on this thread how new conservatism on revenue recognition could possibly explain where the existing customer revenue went to. Either the OEMs sold the PCs or they didn't.

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