Thanks for your welcome - I don't think I'm jumping to conclusions at all (except to the extent that I did buy some stock). I'm just raising issues which I think it would be interesting to discuss. If my questions are answered in earlier posts, I'd be happy if you or others could refer me to them, because obviously I am not going to be reading through all 27000 posts. I hope that I will be bringing something new to the thread, and that the debate will help us all (bulls or bears) to refine our views.
That said, it seems to me that there are some contradictions in what you say, and some disturbing facts about what FTEL is doing. What I mean here is that for me, in a company FTEL's size, 'total focus' is not the right term when you're talking about two things as different as a winning VoIP product, AND a telecoms network. My experience working in a technology company makes me think that TOTAL focus on ONE thing is very important for success - trying to do two things at once substantially decreases the likelihood of success.
It seems even worse than this though - FTEL (a SMALL company!) seems to be in the following businesses
* Voice over IP equipment
* Internet Telephony services
* Internet Service Provision
* E-Commerce software
If you look on fnet.net you'll see press releases that cover
- acquisition of an ISP
- AOL's access problems (and implying they compete with AOL!)
- co-sponsorship of WebMarket Hollywood, promoting 'applications and technologies [for] the movie industry and their bandwidth needs'
(hint: this isn't going to be voice over IP)
- launch of e-commerce software (and plans for future releases)
This is just such a mixed bag!
Don't misunderstand me - I'm not saying little guys can't overturn the business of established players. But it isn't a slam dunk, and management attention focused on FNet is management attention that's not being spent on making Tempest a winner in its market.
The quality of the product is not in dispute - it's the reason I bought the stock, despite my qualms.
Regards, Roger. |
