Crandell:
Thanks for responding. First, let's rise above the personal hostility common on this thread, and stick to the issues. I think we'll all be better for it.
I am aware of Forecross' capabilities. I've visited their facility several times in the past, I know the key players, and as a software consultant, even wrote code for them.
No need to explain Legacy migration either as I already am familiar with the concepts, and the market's need for that service. I am also familiar with Forecross' customer list as well as their number of teaming agreements.
To understand my questions, let's look at the basics: supply and demand.
DEMAND:
I agree the need for migration will grow, but the urgency for it is not as great as for Y2K servicing. Software migration has no deadline. Many, including myself, thought the industry would have responded sooner to the Y2K issue than it had. If companies are willing to postpone their obvious need for Y2K servicing up to the very last practical moment, why should we expect a rush for migration servicing? I see only a steady growth for this service.
SUPPLY:
Ever increasingly advanced technology makes offering software services increasingly easier. They are popping up all over. There are more than one legacy migration firms around, and more to come. If Forecross was the only game in town all these years, their customer list would be 30 times larger, give or take. As competition evolves, and it will, one needs to periodically re-ask the question: what *unique* capabilities do they have? are they competitive? etc. It's a fair question to ask and citing past customers does not answer it well.
COMBINING THE TWO:
Before the Y2K issue, migration servicing put V.FRX at $1. Considering both a steady increase in need for migration servicing as well as the number of firms offering the service, is it reasonable to expect whether this business plan alone will support a significantly higher price in the future? Maybe, maybe not. Since share price depends on what investors think, how much attention are they giving to software migration? Certainly not as much as to Y2K servicing, which itself is under appreciated.
Maybe Forecross has something else in mind as well. Hence my asking the question regarding their future plans.
Best Regards,
Mark Jurik
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