Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CyberGuard Corp. (CYBG) -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (1604)	5/16/1998 3:15:00 AM
From: Bill Wexler	Respond to of 2616

Interesting. Then why has the company lost more money every quarter for the past 8 quarters? Why does the company continue to dilute its stock? What caused investors to sell the stock down to 4 a share a few months ago? <<At least if you could provide some hard core proof to backup your statements>> Simple. Read the company's own 10-Qs and 10-Ks going back 2 years.

To: uu who wrote (1604)	5/16/1998 4:57:00 AM
From: Bill Wexler	Read Replies (3) \| Respond to of 2616

CYBG spends $.95 of SG&A for every $1.00 in revenue. Despite claims of "improving margins", Cyberguard continues to lose ever-increasing amounts of money. This is not surprising since every dollar in revenue costs nearly a dollar in selling, general and administrative expenses. This pattern of huge SG&A has been recurring quarter after quarter. By comparison, Cyberguard's competitor Checkpoint, spends about $.30 in SG&A for every dollar in revenue. Cyberguard has shown nearly zero growth quarter over quarter. For a company which claims to be in a "hot" industry, this is a good indication of just how weak the business really is. CYBG is grossly overvalued and will soon trade in the low single digits.