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Microcap & Penny Stocks : LANV : Lanvision Systems INC. -- Ignore unavailable to you. Want to Upgrade?


To: Tochi who wrote (9)11/25/1999 9:17:00 PM
From: Joycelynn  Read Replies (1) | Respond to of 22
 
I believe you should take a closer look at that earnings statement.

Look at revenues - particularly sales...they were very deficient in selling their product...the majority of revenue is from product maintenance.

There has been a reduction in spending for R&D (not good news when sales of the product are down).

The real 'savings' appears to be from dropping their service bureau.