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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (9068)	1/20/1998 11:02:00 PM
From: tech	Read Replies (1) \| Respond to of 13949

Jeff, could you please explain this: Link: quote.com (This article is on Quote.com web site) ____________________________________________________________________ Robert Gruder Wired for 2000 Charlotte Business Journal Tuesday, December 30, 1997 at 20:21 Alydaar Software Corp. chairman and chief executive Robert Gruder breathed a sigh of relief Dec. 2 when his firm received approval to begin trading on the Nasdaq national market system after years on the smaller, lightly-traded bulletin board. The new listing will expand Alydaar's shareholder base and raise its profile among high-tech firms. It will also give the company a chance to raise needed capital. Alydaar's main focus is helping clients fix Year 2000-related computer code problems. That work has helped it earn national recognition, positive industry reviews and a client list that includes McDonnell Douglas, 3M, DuPont and other large financial services and manufacturing firms. It hasn't translated into significant interest on Wall Street, owever - mainly because so far it's failed to show a profit. Alydaar lost $5.13 million in 1996, leading to some criticism that Gruder has promised more than he can deliver financially. In an August Business Journal interview, Gruder addressed the criticism, saying he's been misquoted on his predictions. "I was quoted as saying we'd make a profit by fourth quarter (1996) and what I said is that I would hope we'd make a profit by fourth quarter. Well, we are making a profit now. Two quarters late isn't bad." The firm is expected to show a profit in 1997. ______________________________________________________________________ From this article it is easily seen that Alydaar's Pres. and CEO, Bob Gruder, states in Aug. of 1997 that "We are making a profit now" However, isn't it true that ALYD did not make a profit in Aug. of 1997 (ALYD's Q2) In Fact, ALYD didn't even make a profit in Q3 of 1997. Why did Gruder state that ALYD was profitable in Aug., when they were not ? Did he intend to mislead shareholders and potential investors ? I am very curious about what you think Jeff.