I'm new on this thread, although I have been in this stock since last October, and have been following the company's progress fairly closely. Like many others on this thread, I've been disappointed with the stocks recent performance, but realize this story is going to unfold over several years, and am patient to wait.
I talked with Greg in IR yesterday and asked why there had been no new customers for almost two months now. He said that they were having some problems getting the right sales people, but that there were talks in the works with some big names, as has been posted here. He said this will be a slow time of year for TSIS because companies are involved with annual reports.
My other question for him concerned the research reports that they faxed to me from the Bullish Investor and the Quantum Investor
(1-888-812-2020, choice #5). These articles were from September of 1996, and state that "ITI expects revenues to exceed $2.3 million in 1997 and increase to over $91 million by the year 2001." Obviously, the first did not materialize, but I asked him if he still thought annual revenues of over $91 million at any point was realistic. I don't want to misquote him, but my impression was that he thought this was attainable.
The reason I am posting all of this is that I would like to see what some of the rest of you think. I thought that number sounded incredible, but would like to know what the rest of you think who have been following this company and know more about it than I do. I'm not trying to generate hype, because this thread has been refreshingly free of that. Just some honest opinions.
Thanks! |
