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To: howsmydrivingal who wrote (326)10/23/2001 7:02:38 PM
From: michaele23  Respond to of 787
 
hmdg, to me this report looks pretty good and I am a little surprised by the sell off after hours. Where did you see the flat targets for future projections, I am going over the press release and don't see that, must have been in the conference call. With all the business they signed up recently I am a little surprised by that myself, I was expecting to hear upward revisions.

Michaele



To: howsmydrivingal who wrote (326)10/23/2001 8:34:55 PM
From: michaele23  Respond to of 787
 
Just listened to the CC, it occured to me that the reason they got all those law suits not so long ago was due to overhyping, perhaps that is why they are being so conservative about 02 rev figures. I noticed that the CFO flat out said they expect to be profitable second half of next year.

The part I don't understand is the focus on non recurring revenues, that was part of the reason given for the lower than expected revenue guidance for next year. The other two reasons were lack of visibility on the economy and just being conservative.