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Technology Stocks : FirstWave Technologies (FSTW)
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To: Garet Juntunen who wrote (132)7/30/1998 3:02:00 PM
From: Roger A. Babb  Read Replies (3) of 9677
 
Garet, I read through the financials for Q2 and now feel pretty good about it. If FSTW had been less conservative with the accounting they would have shown a nice profit for the quarter. Not only did they expense some things that could have been capitalized in my opinion, they are holding about $1.7 million in deferred revenue.

I predict that we will see revenue growth and positive earnings next quarter. Also looks like someone took the cheap shares off the table today.
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