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Technology Stocks : Q/Media Software Corp (QMS.T) -- Ignore unavailable to you. Want to Upgrade?


To: WBC who wrote (448)3/30/1999 12:47:00 PM
From: Keith Minler  Read Replies (2) | Respond to of 568
 
Hey WBC

Actually fully diluted the P/e is closer to 7 or 8. Still very good but they have a long history of unhappy shareholders.

Some history.

A)they diluted the sh*t out of the company for acquisitions.

B)Mistated goodwill costs which caused no end of debate and forced them to restate their financials.

c)Had a 5 for 1 stock consolidation which did nothing for the price.

This plus the fact that they are widely regarded as a software company
continues to hurt them.(I think many investors got burnt looking for the next MSFT)

Fundamentally they are very sound and should trade at $6.00. Of course I've been saying that for a long time.

Later

Keith

PS As a belated sop to investors they have recently decided to buy back 2M shares, which were potentially dilutive, fully diluted I think there are 16M Out there.

Keith