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Technology Stocks : Open Market (OMKT) -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (1967)	4/28/2000 5:49:00 AM
From: MrBuzz	Respond to of 2004

Took a position on OMKT today. Although they missed this quarter, looking at the numbers reveals expenditures increased due to development and marketing costs. I expect this to have occurred due to the new suite of applications of which the company appears to be hedging its survival by. The company could be on a road to profitability according to the rate of growth's I've tracked for the past three years - possibly as soon as third quarter 2000. Sales of the new suite are the key to Open Market's future success. OMKT will need to ramp up sales soon. Balance sheet looks fine with cash in the bank. Now that Y2K concerns are gone, there is no excuse for now selling the idea and products to prospective customers who desire products from a company that has brand recognition, technology, and the people to back it. Communication of that vision, and nailing down major customers will be important to reestablish OMKT again. Getting Wall Street to back this company will also be a challenge. Granted, there is a lot riding on the line for this company. The next three to four quarters should test them quite good. Knowing what the expectation levels are is key to investing in this company. Looking at the run up from last year and where it is now, I doubt you can expect that for a while without sustained and dramatic revenue growth. A "chipping away" quarter after quarter approach is most likely. Good investing, MrBuzz whats-the-buzz.com