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Technology Stocks : SSA (SSAX) BPCS/Client Server

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To: MAURICE J. SADOWSKY who wrote (751)	4/8/1998 9:33:00 AM
From: Peter W	Read Replies (1) of 915

Maurice You're almost spot on with the history (though it's Sybase not Skybase). I wouldn't be as lenient on Covey as you are though. You mustn't forget that it was Covey that brought in Larry Ford - not exactly a brilliant decision <g> - and most of the problems of the last 2-3 years can be traced back to Ford. In particular the huge R&D spend of 96/97 (200 mil is about right) was a direct consequence of some really bad technical decisions that Ford took (or at least signed off). Covey's problem as I see it were: a) BPCS was his baby and he couldn't let it go b) he's technically adequate but not a visionary (and again he couldn't let go) c) he has AS/400 blood in his veins, and never really believed in the Unix product (which is where a large chunk of the R&D investment went) d) he was prepared to promise potential customers anything to get a sale Having said all that, I wish him well too. I do truly believe that ssax is better off without him. Peter

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