TPII - Year 2000 (Y2K); Groupware; Client Server Migration Message Board

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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration

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To: Dave Gore who wrote (7995)	7/8/1998 5:58:00 PM
From: Alan Coccio	Read Replies (4) of 10903

Dave, thanks very much for the recap of the conference call. How many times have we heard the company expected to have revenues of $2.2-million for Fiscal Year 1998 (which ends in about three weeks?) If they are doing 85% of the burn rate, it means they will have income for the last quarter of approximately $710K. Add that to the $260K they did in the first three quarters and we will apparently show slightly under $1-million revenue for the year at best. This is not a good projection in spite of the rosy picture they paint. Apparently, profits are still farther down the road than we thought. I'm encouraged by the talk of a potential buyout. This might be the quickest way to a multiple of the current share price. The marketing experience and the level of comfort a large company could provide to prospective clients might be just what TPI needs to achieve a measure of success. Thanks again for all the work putting that report together. Alan

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