QDRX Message Board - Msg: 4118386

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Microcap & Penny Stocks : QDRX

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To: P. Ramamoorthy who wrote (3526)	4/19/1998 11:08:00 AM
From: Glenn Olsen	Read Replies (1) of 3977

Ram Just have quietly followed the demise of QDRX. The product should have worked and been successful with competent management. They couldn't narrow their focus enough to be successful and wound up running ineffectively in all directions while paying heavily to insiders. Sad story. Think my exit prices averaged around $.60 which at the time was painful but in hindsight could have been worse. Question on Y2K stocks-How do you do valuations when they have such a short period where they can achieve disproportionate profit margins? A great many companies are staring at 1/1/2001 and budgetting major MIS savings. Same concern for the independent contracting programmers who will see the $200-300 /hr jobs disappear as the market returns to "normal" user schedules and much less outsourcing spread over an excess of of independents. I'm already seeing an influx of independents willing to come into the company at much lower salaries for the security of a regular job and I'm stunned at the number of people trying to figure how to leave their present systems type company to work in a customers company while not violating a non-compete clause. This has been a special event feast but I see a bigtime famine on the horizon. Glenn

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