Greetings,
I agree with you that (and it's illegal) to put out news
just to have the stock go up. It's better to be conservative.
After all vrty would not be able to handle a SEC or NASDAQ
and/or client lawsuit.
Now, answering your questions
Taking these into consideration:
From disclosure-investor.com
ANNUAL REPORT
FY Ending May 1995 - 15,886
FY Ending May 1996 - 30,718 - nice increase
FY Ending May 1997 - 42,67 - nice increase
FY Ending May 1998 - ???? - BIG CHALLENGE --
For vrty's year end - So far - snif snif....
5,340 August 1997
9,188 November 1997
11.2 March 1998
???? May 1998 (also fiscal year end)
Add these numbers. So far it is not Superior. It's OK.
If the next quarter is a good quarter - Let's say 14
million, well it is not enough to represent, at least,
a consitent growth in terms of annual revenue ( This
is the only thing they have so far demonstrated that is
conistent).
Just to break even with vrty's the 1997 annual revenue,
they will have to make roughly speaking (it's all rough
here) about 16 million to just break enven with verity
fiscal year end 1997.
Having said that, this is only one factor, they are many
other ones. The rumors on vrty are excellent. Many clients
are upgrading to search97. They are also paying for support
contract with vrty. The financials are better. vrty's products
are excellent. They will win the lotus lawsuit. Increase there
cash position. etc.... The financials are looking good. Still
vrty needs at least 3 more accounts like Glaxo for the near
term. We all know they can do it.
By the way real news does drive investors perception. For example
if vrty announces in the news that Disney, CIA and CIGNA insurance
will deploy vrty throughout. Well the vrty will go up. Investors
will know that these quarter and/or next quarter, some money will
be coming in to vrty....
Now vrty, depends to much on revenues of cisco, kpmg and some
federal accounts. Although these are solid clients for vrty they
should obtain more of these.
Well Nick + friend, I have to go now. I am going to Baja California.
I picked up some share of very between 6 and 7 boxe. Maibe wen
I come back it will break the 9 barrier. Will see... I hope the
best for each and everyone of you.
Tijuana |
