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Technology Stocks : DOCS - A TURNAROUND PLAY
DOCS 41.26+0.5%Jan 16 9:30 AM EST
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To: Ally who wrote (1111)5/11/1999 3:33:00 PM
From: Sultan  Read Replies (1) of 1156
 
Saw that article.

Mr. Osten, who is CA by profession, forgot to watch the bottom line. If admin expenses were kept in check and if DSO was kept to double digit, and if he had been a bit less amiable and more aggressive and finally had worked to make share holder richer before making 600K a year in salary + options, things would have been a bit different. All that cash that they had the foresight to raise when the stock was a lot higher ultimately got in the way because then it was easy to ignore a lot of operational things which should have been done differently.

Unfortunately, when you invest in tech companies, you run into similar situations over and over.
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