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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 409.67+0.9%2:16 PM EST
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To: Marshall who wrote (32095)4/12/1999 5:03:00 PM
From: Retired41  Read Replies (1) of 33268
 
Has anyone even really read the s3 on this baby? I did and shorted it and made quite a bit of money once... looking to do it again.

Check this out from amended s3 filed this month:

Our Future Success Depends on the Success of Unproven Be There! Products
The failure of our Be There! products to achieve success would likely have
a material adverse effect on our business and our ability to continue
operations. We are currently devoting the vast majority of our resources to the
Be There! product line. The Be There! system has had very limited success and
has failed to generate significant revenue since it was released in 1997. The
majority of our historical revenue has come from products other than Be There!
The revenue from these other products has been declining for several years and
we believe the trend will continue. The market may not accept our Be There!
products for a variety of reasons. Our inability to penetrate our target markets
and increase Be There! sales would adversely affect our business and
operations.

Jeeze they say that they can't succeed without Be There, and in the next breath say that they are putting most of their effort into the product which has failed for the last two years.

IMO going long on RACE isn't an investment, its a wager.
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