First Virtual Corporation (FVCX) Message Board

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Technology Stocks : First Virtual Corporation (FVCX)

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To: WallStreetTips who wrote (59)	4/2/1999 2:30:00 PM
From: TomT	Read Replies (3) of 323

I agree that this industry is exploading and FVCX has a great niche in this area. But, the conference call pointed out some execution problems within the company. At first, in December, there were hints that the quarter was heavily backend loaded with sales (key sales were slated for the end of the quarter). Then they pre-announced that they will not make their numbers due to execution problems. New President is brought in at the same time. New President said he needed a couple of quarters before he felt comfortable with the growth that is expected here (or some words to that effect). Also, recent insider sales by two execs (I believe in the marketing and sales areas) have been substantial lately (though this could have been due to insiders having the ability to sell for the first time). So, I think I have more caution here than most. I would wait until the earnings are released to see that this new president is indeed making the right moves here. Please correct my interpretation of the conference call if this is not correct.

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