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Technology Stocks : Source Media SRCM

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To: MW who wrote (1544)	11/10/1998 7:34:00 PM
From: Pluvia	Read Replies (3) of 3015

MW, concerning the loss of customers, read the 8k last year describing the purchase of Brite & VNN. The revenue numbers produced by both companies are included in the financials which are included in that 8k. I have talked to the customers who left SRCM, I have been provided specifics of amounts of revenue that each customer produced. When subtracting that revenue from the total revenue of the Brite & VNN combined entities (total revenue taken from 8K) it is clear SRCM lost more than 50% of the total revenue produced by Brite & VNN. Since combined Brite and VNN cost SRCM $44.6 million, 1/2 of that amount would be $22.3 million. Thus we can assume SRCM blew over $22.3 million due to the customers that left. Now since SRCM has admitted this loss last Q, and attributed $25.9 million of a writeoff to this loss of customers, why do you keep questioning how much business SRCM lost? Do you have a reading comprehension problem or are you just to lazy to do any research? If you had half a brain you could figure it out by reading the SEC filings. But then, if you were that smart you obviously would not own this stock. All comments IMO Cheers Steve

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