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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?


To: David R. Doerr who wrote (2428)8/26/1998 2:33:00 PM
From: Melissa McAuliffe  Read Replies (3) | Respond to of 3033
 
David,
I remember them saying that. But my personal opinion is that they didn't close all those deals. Deals just have a way a losing their momentum after the quarter ends. Not saying they didn't close any, since I obviously am not privy to this information.... just doubt they closed them all.

I know Luongo said the deals just couldn't get finalized but vntv was recommended. I can't help but wonder about the accuracy of this statement given that they also admitted they had a sales process and forecasting problem and had to go "back to basics". Also, this was said in very early June right after the quarter end. They had 3 more weeks or thereabouts until they announced earnings. Wouldn't he then have mentioned some of those deals if they closed? If they were that close to getting them done they should have been done by then.

Also....if they did close some of these big deals given the dismal performance of the last quarter wouldn't it make sense to issue a press release as some of these deals close. Or maybe they did and I just don't remember.
Melissa