Gupta(GPTAE) -- A possible turnaround? Message Board

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Technology Stocks : Gupta(GPTAE) -- A possible turnaround?

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To: Shinie who wrote (54)	10/22/1996 10:58:00 PM
From: Ajay Gupta	of 89

Q3 results were indeed released today, after the market closed. Doesn't look that promising to me. Net Revenues were 14.610M, down from 15.646M in Q2. 2.799M of these Net Revenues came from a decline in their Deferred Revenue balance which stood at 25M on June 30 and now stands at 22.201M as of Sept. 30. Net Income was down from 423,000 or $0.03/share in Q2 to 97,000 or $0.01/share in Q3. The good news is that they have made money three Q's in a row- $0.03/share in each of Q1 and Q2 and now $0.01/share in Q3. The bad news is that revenues are not going up, if anything they are shrinking. They are in the middle of a transition as they re-orient themselves to the internet. It is still highly unclear how sucessful this re-orientation will be. And I doubt if they will be a serious candidate for a take-over unless there are clear signs that their strategy to target the internet is succeeding. And that could take more than one Q. However, management obviously believes that they are on the right track as it continues to hire people at almost all levels- from developers to senior vice-presidents.

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