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Technology Stocks : Open Market (OMKT)

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To: MW who wrote (667)	10/31/1998 6:08:00 PM
From: Marty	Read Replies (1) of 2004

MW, I think you have put the best interpretation on the situation that can be made. Even so, here is a reality check. I don't know if their product is excellent or not. They have less revenue, as I recall, than they did last year so there are no sales increases. You would think there would be more sales with an excellent product. There has been a great market demand for the product. Large market share is the best thing they have going for them but it is not a huge or dominating share and, if they mismanage as they have, they are more likely than not to lose it to competitors. The "tremendous patent portfolio" has not produced anything significant to date and it has cost OMKT a fortune (of investors' money) to develop and patent. Further, it is certain to become the attorneys' full employment act for the foreseeable future. We are getting danced around on the status which makes it look even more suspicious and therefore I doubt if the company is ever going to get anything from the patents. This "It takes time" posture is to insure more attorney time at the billing trough. It would have better if OMKT never spent a dime on it. The bottom line support on any of these views is that it is the consensus of the entire investing community. Look at the chart for confirmation. The ONLY thing that will help the company and the stock price is to change management! They have lost enough money for the company and for the investors and we should demand a stop to it and new leadership with a better plan. Even if there were a takeover play, it would be in the neighborhood of 7 or 8 dollars, which is a nice premium over the current price but does nothing for the vast majority of stockholders who bought at twice as much as that and more. How do they propose to fix THAT? More of the same management?

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