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Technology Stocks : Consilium

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To: Mike who wrote (19)1/16/1997 4:48:00 PM
From: jeg   of 55
 
I'm surprised at the short memory span of people on this thread. CSIM has been a perpetual disappointment. People thought it had turned the corner over a year ago, when it had just released its FLOWSTREAM product for the pharmaceuticals industry after years of expensive development, and started breaking even for a few quarters. Last spring's massive loss, followed by the most recent quarter's numbers raise serious questions about whether (not just when) Flowstream will ever generate sales. Early indications are that SAP and others are having as much difficulty in this market as CSIM. These companies seem to prefer generating these programs in house, and CSIM had to hire many more people to help tailor the programs to the individual companies. Their semiconductor business (particularly abroad) has provided a cushion, but this company is never going anywhere, much less back to being a 40% annual revenue grower, until FLOWSTREAM sales emerge. my advice, based on long term experiennce, is STAY AWAY.
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