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Technology Stocks : Quarterdeck: Making a Striking Comeback! -- Ignore unavailable to you. Want to Upgrade?

To: Jesse Livermore who wrote (1749)	11/14/1997 9:52:00 PM
From: Jesse Livermore	Read Replies (2) \| Respond to of 3307

The case for Quarterdeck. Go back to Sept. 30, 1994, Quarterdeck had net revenue of about $8 mil with cost of revenue around 5 mil. There was about 20 mil in cash, no debt but only one product of consequence QEMM. Enter new management and a flurry of new products and acquisitions. A hot internet market and a sleeping Microsoft. Sales boom and the stock goes to 39. Microsoft wakes up. The new server, browser, authoring tool, internet phone and conference tool become freebies. Windows 95 kills MagnaRam and QEMM. Memory prices collapse and acquisition indigestion hits. Stock goes to $2. Sept. 30, 1997. Cash 27mil. New management. Diversied utility line with new releases scheduled for each quarter. Competition is not Microsoft. True, debt is $20mil, but it is in bonds. Gross margin is great and new releases will quickly increase earnings. Restructuring is complete. The cycle begins again.