Open Market (OMKT) Message Board

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Technology Stocks : Open Market (OMKT)

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To: shubh saumya who wrote (1475)	4/27/1999 1:44:00 PM
From: Philip Ng	Read Replies (2) of 2004

I am not surprised that Mr Eichorn is reluctant to answer questions on revenue growth... that is because there isn't any! Take a closer look at the P&L statement. Product revenue has dropped vs last year quarter, only service revenue has improved so that total revenues shows a slight growth. But total costs has risen more causing gross profits to drop. The MAIN reason why earnings or rather losses has improved is because of REDUCED research & development costs! I can't believe it! Go see for yourself! This is the worst case of account doctoring I have ever seen! How can a technology company, in the fastest growing sector, CUT R&D spending? This does not bode well for future products. In spite of all the 'good' news that have been floating out about news customers and alliances, I have lost faith in the management. I find absolutely no good news in this set of financials. I am currently holding 200+ shares of OMKT. I am seriously considering selling them. I will probably give them one more quarter. Well Mr Eirchon, if you are indeed reading this board, any comments?

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