Cornerstone Imaging (CRNR) Message Board

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Technology Stocks : Cornerstone Imaging (CRNR)

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To: John Leach who wrote (93)	2/22/1997 12:25:00 AM
From: Mad Bulgarian	of 430

And while I'm on this soapbox... This is a perfect example of the ridiculous pressures heaped on management of publically-traded companies to produce quarterly gains in stock value. The street is obsessed with quarterly numbers, while it takes a year or two to build a solid foundation for a new business. I can only imagine the pressure put on CRNR's management when 2 quarters of profits failed to budge the stock price. Cornerstone should be using its $18 million in cash to build a solid foundation for the InputAccel family of software products. That is their future. They should be using the money to build sales, marketing, support, product development, and market share. But management won't do that because it would drive margins down, and maybe even show further losses. God forbid! But buying back the stock is an easy and cheap way to get a short-term kick in the stock price. Buying back their stock at this stage of development is emphatically NOT the best long-term use of CRNR's cash, even if the stock is undervalued. I am an investor in a soon-to-be successful software company, not an investment fund. OK, now back to our thread...

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