To: Mama Bear who wrote (5792 ) 3/7/1998 9:16:00 AM From: craig crawford Respond to of 10479
I just want to see some accountability. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ "The main point that most people don't seem to understand is that the last two quarters of disappointing results were a result of a couple OEM's delayed purchasing, and business will resume to normal levels beginning this quarter...Q4 is where "dreams" begin to get realized" ----David Pawlak, Nov 4 1997exchange2000.com "All pistons are firing now and the business is back to usual and the OEMS that have held us back the last 2 quarters are now committed to taking delivery of product in Q4" ----David Pawlak, Nov 12 1997exchange2000.com "More importantly is that the company has made a statement that backlog is at record levels and that a record quarter is likely, which makes a huge statement about the reversal of a bad trend." ----David Pawlak, Nov 12 1997exchange2000.com "What they are saying, is that the issues that have effected them negatively in the last 2 quarters are now resolved and they have record backlog, which may lead to record revenues and earnings which will surpass expenses leading to profitablity once again." ----David Pawlak, Nov 13 1997exchange2000.com "Mark- if you were the CFO, and you just reported backlog of $27 million, which is more than your revenues of the qtr just reported alone, and your prior record backlog was $10 million, wouldn't you be pretty optimistic? They stated that they felt they would be delivering about 85% of that backlog in this qtr. On top of that, they also ship products during the qtr immediately that aren't included in the backlog number. I'm expecting that will add another $15 - 20 million in revenues." ----David Pawlak, Dec 8 1997exchange2000.com "To me, the writing is on the wall and they couldn't make it much clearer... Record backlog, IQX-200 selling for the first whole quarter (and selling well from what I hear), Net Arm starting to sell this quarter and Gigamux in beta trials with significant revenues likely starting in Q1, stock buyback program, gross margins improving, more concentration on balance sheet issues like DSO's, etc" ----David Pawlak, Dec 21 1997exchange2000.com "With record backlog and the 3 major new products finally hitting the income statement, I don't expect any dissappointments going forward." ----David Pawlak, Dec 21 1997exchange2000.com "I would imagine that FIBR would give them a pretty good deal because having NASA endorse the product via a sale is worth a lot more than the profit that could be made from a sale at full cost that might prohibit such a sale. Just my opinion." ----David Pawlak, Dec 23 1997exchange2000.com "All of the work to bring out significant new products with the combined technologies is finally starting to pay off (admittedly, a few months later than I expected). This quarter appears to be on track to be a potential record breaker and demand is heating up for their new products to propell revenues and earnings much higher" ----David Pawlak, Dec 30 1997exchange2000.com "We should see a healthy increase in Gross Margins from Far East production as well as contributions from new, higher gross margin products" ----David Pawlak, Dec 30 1997exchange2000.com "I haven't finished updating my model yet, but I'm roughly expecting earnings anywhere from $.06 - .12 on revenues from $36 - 42 million." ----David Pawlak, Dec 30 1997exchange2000.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ None of these things came true. Gross margins were flat, NASA isn't a customer, revenue and earnings projections were missed badly and the record backlog did no good. A couple of million shares were added to the outstanding diluting shareholder value 10-15%.