Intrinsyc Software Inc. (T.ICS) (formerly V.ICS) Message Board

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Gold/Mining/Energy : Intrinsyc Software Inc. (T.ICS) (formerly V.ICS)

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To: Sultan who wrote (189)	2/20/1998 2:30:00 AM
From: robert landy	Read Replies (1) of 1635

observations and comments, I noticed while browsing the annual report for 1997 that the salaries that are listed as expenses come to a total of: - 206k for marketing and commission - 277k for admin and benifits - 260k for r&d. .......Total approx 800k. For a R&D company how far do you think 260k goes, maybe 4 or 5 guys who are not that well paid to develop the software or maybe 2 to 3 guys who make a decent living considering their skill level and the demand for programmers? Again, look at what the other salaries could carry,maybe 8 to 10 people in sales and the front office. Not that many employees for an up and coming software company is it? I suspect there are more people in sales making good money so maybe 5 to 8 people would be a better mix. Getting to my point, I wonder how much of the resources of Ics goes into getting a salable product into the marketplace and how much goes into the pockets of the directors who by the way, are in a no lose situation. They came in at a very low price point and continue to receive share options and warrants which will be repriced as the stock dips. If this tanks, they cash in and walk away. We on the other hand are in at a much higher price point and gain nothing unless this flies as just a "vse" promotion or on the other hand actually makes a product that the marketplace values. I can't tell which scenerio it will be and because of this I'm still here. I see nothing in the annual report that gives employee numbers or stratagies to gain marketshare or how competitive this area is, I would like to see something concrete from the company in order to smooth the waters. As for the dip in the market I noticed that when it came down to 1.15 there was sure alot of people picking it up. hopefully that's the bottom for now. I also noticed that the short position has grown substantially in the past few weeks to a record level (I don't have the figures right now but look them up on stockwatch). If anything good comes from all this despair it's that a lot of people are talking which can be good. Lets hope it becomes profitable.

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