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Technology Stocks : Open Market (OMKT)
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To: CNC who wrote (818)12/18/1998 11:36:00 PM
From: ZombieMike  Read Replies (1) of 2004
 
I agree. NOthing seems to be putting upward pressure on this stock. My initial guess is that the company is seemingly going toward services as opposed to software. This indicates that there is some type of short term cash flow problem. The same thing spelled the death blow to iChat. Although, ichat was recently bought by intel, everyone but a choice few lost money.

Sometimes I wonder if when a company realizes that they can not compete in the long term if the management starts to feed them selves before the shareholders. In the end, when a stock drops this fast, overhead supply can be a tremendous impediment to upward mobility. Espeacially with no fund support. I may be wrong, but this one is starting to look like a NASDAQ roach motel.
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