To: Greg Jung who wrote (10564 ) 4/30/1998 7:30:00 PM From: Robert Graham Respond to
Expenses at Informix will go up from here, which is predictable and a normal outcome of a turnaround effort. Considering the meager growth in revenues, I think Bob F had to cut costs in order to be able to continue to report profits. Still, I think Bob F is essentially just finishing up his reorganization of Informix. The more this guy talks in press releases, the more I get the opinion that he feels that he is just beginning the turnaround. This appears to be a very methodical person who handles what he works on in stages, where each stage has its time. That is not to say that he does not place a priority on promotion and sales to generate cash flow in order to keep the company afloat and help buoy up negative customer and market sentiment. He first stopped all bleeding, stabilized the patient, and in terms of this business, reinstated both credibility and solvency, which are all admirable accomplishments. He then proceeded to reveal that the patient looks to have an encouraging prognosis. But I think he now finds himself in the position to deliver on efforts placed in the turnaround of the company itself as far as it shows up in the profitability of the company.
