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 : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Charles Hughes who wrote (11868)	9/13/1998 11:42:00 PM
From: treetopflier	Read Replies (1) \| Respond to of 14631

Always willing to provide an opinion. NASDAQ up at the open, fizzles in the first 30 minutes and the bottom drops out entirely. IFMX off 1/2 to 3/4 on the day. No particularly negative IFMX news. Just another day in a BEAR market. johnlea -- Under other economic circumstances I might have your same glasses on. However, this is a BEAR market. It is also the beginning of the 'we aren't buying a lot of new software products until after Y2K' season (read Computerworld 9/7/98 page 10 about Oracle -- check the comments from Dunlop Tire's IT manager re: Y2K and ANY product purchases). Also, Oracle has renamed 8.1 to 8i. So what you ask? Well I was selling against SYBS when those goofballs jumped a few product numbers and came out with lucky #7. Didn't seem like much at the time, but it helped them gain mind and market share. Oracle, renaming the silly thing to 8i, has positioned themselves for mind share accumulation for new internet projects. Subtle, but important. No this isn't a technology comparison assessment or an Oracle biased comment. Just a feeling that this was a wise move on their part and it will be at the expense of IFMX and SYBS. Yes, ORCL put up some good numbers. It is because they CONTINUE to grow the daylights out of their services organization and the rates are escalating. ORCL will be services company in three years, giving away the software their services organization specializes in. Can IFMX live in that climate? Much as I like IFMX, I'm afraid I'd have to say $19 isn't in the cards for a couple years, if ever. You'll see $2 well before every seeing a $19, so wait and buy cheaper. ttf