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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: King David who wrote (345)	9/23/1998 7:34:00 PM
From: Doug Fowler	Respond to of 9677

KD: I was lazy when I bought this stock, paying attention to the bulls on this thread, rather than really thinking it through. I know from my own experience in growing software companies that there are virtually no overnight successes. It typically takes at least two years from the time a new product is first shipped until the time it reaches break-even on an ongoing basis, and THAT is IF it is a good product, the company continues to develop it, and the company is aggressive in marketing it. It also assumes a fair amount of luck. At that point, the product MAY begin to really pay off. Considering the competition in this arena, FSTW's best hope is to have a really good product that a larger company wants and is willing to pay handsomely for. Also, very few mediocre companies ever make the transition to great success. At best, FSTW is a mediocre company. I simply decided that there are far better places to park my money than to see it continue to wither away on a company that is a long way from proving itself. I also did not like one bit the lack of liquidity in this stock. I tried selling it several times before at the bid price and couldn't. I was finally able to sell it at the bid yesterday.