To: Bill Monahan who wrote (1177 ) 6/10/1998 6:24:00 PM From: Gennaro Read Replies (1) | Respond to
What you fail to realize is that TSIG is in the process of being rebuilt by a new management (which is highly qualified I might add) in the TELESERVICES INDUSTRY. The CCI deal was only one component of the whole package. Remember there are other logs to be thrown in the fire, which I suspect we will hear about in due time. Also the whole idea behind CCI and TSIG is that the cd buyer can also order by phone. It has been suggested that as many as 40% of the population still prefers to do business transactions (using credit cards) by phone, not be the internet. The company that you have refered to Compact Disc Connection does not offer the possibility of using the phone, at least would never be able to handle 20,000 calls per hour. Here is where TSIG will be so important. I am betting that this will make a significant difference, not to mention that TSIG card program is already in place etc. etc. In any case, to reiterate, CCI is only one cog in the wheel. After talking to management I an expecting other deals which will bring in additional revenue. The losses you refer to were the result of the previous management, which undoubtedly were not geniuses. The stock price dropped substantially because of this management. What we are now betting on is the new management, with Tim Heidelmann (from ATand T) and others who will be announced in due time can turn TSIG around, and make us all alot of money. Obviously, quite a few of us feel that they have a good chance of being successful otherwise we would not have invested. If you don't like the odds, don't buy the shares, its that simple.
