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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (804)11/14/1997 5:59:00 PM
From: Mark A. Holder  Read Replies (2) | Respond to of 1800
 
One concern that I have is that Mr. Hawk has projected that Cycomm
would exceed $20M in revenue for '97 and it appears that they will not make this projection. He loses some credibility as far as I'm concerned. Also, what is up with PCmobile only producing $1.9M in revenue for the 3Q. With all of the big announcements in the first couple of quarters, I was expecting a substantially greater revenue total for PCmobile. The numbers just do not add up to the announcements. Backlog might be increasing which is a good sign, but Cycomm has been unable to produce revenue growth. Considering flat revenue, the backlog growth of $1M from the 2Q to the 3Q was unimpressive.

I'm still bullish on the future of Cycomm, but quite concerned about the performance to this point..... Until revenue growth coupled with earnings and a growth in the backlog take place, the stock price will remain at its current lows IMHO.