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Technology Stocks : Open Market (OMKT)

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To: steve poon who wrote (1321)4/9/1999 2:05:00 PM
From: rbarsom  Read Replies (3) of 2004
 
Steve

I don't think you have done your homework on this open market. OMKT revenues are declining year over year. This is in a space that is growing according to trade groups at 10,000% y/y. Obviously they are the losers in the space. To confirm this their old press releases claimed that they had 60% market share, than 30%, now 20% (you can check this its on the tape). Why aren't the growing? Why are they losing market share? The DSO now stand at 150. The CFO resigned this month and the IR person left wednesday to go to Talbots (call the company they will tell this is a fact). Why would anyone give up stock options in an internet company for Talbots stock unless bussiness was awful. These guys report EPS on April 22, it could be a disaster.
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