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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: tech who wrote (3912)	12/31/1997 8:07:00 AM
From: NJ Investors	Read Replies (1) \| Respond to of 10786

For the record as paraphrased from recitation by Mr. Gruder, CEO at Crittenden Conference Sept. 5, 1997, "Profits: Gross margin should be 80% and the results for the third quarter as a breakeven point into profitability with the fourth quarter profitable, resulting in a profitable year." Observation: this may be difficult with a $5.5M six month loss and a run rate of $1.1 to $1.3M/mo and revenue projection of $10 to 15M for the year. The original expectation was to breakeven by the 2nd quarter, significant profits in the 3rd QTR., and greater in the 4th. Obviously, the assumptions in obtaining chunks of code and conversion were wrong. The 4th quarter is over and we will wait 6 weeks to determine the true status not necessarily the truth. Mr. Grude has a position, CEO with a legal responsibility. As a man he has a moral responsibility. You two can fight over which position you chose to defend. Happy and prosperous New Year for all.