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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: levy who wrote (440)5/28/1999 8:36:00 PM
From: Tom Hua  Read Replies (2) | Respond to of 2514
 
but did these other firms have a man on the top with a reputation like Mr Cook?

Sure. How about the founder of Compaq Computer? That's right, GKI was headed by Rod Canion, CPQ founder. Canion also brought with him a team of CPQ executives to run GKI. GKI had 25 employees (CUST has 16), was working on a highly touted and soon to be released product which provided educational training on the Web (CUST: DSS and internet payment system), insiders owned huge chunks of stocks. GKI ran up to about $20 at its peak last summer, then quickly collapsed. It's now 60 cents a share. Are you beginning to see the similarities?

Regards,

Tom



To: levy who wrote (440)5/28/1999 10:06:00 PM
From: Rajiv  Respond to of 2514
 
but did these other firms have a man on the top with a reputation like Mr Cook?


David Cook has a background in the music business. CUST even bought a startup company owned by David Cook to get into the internet music business. They changed their name to CustomTracks to reflect their project. What happened to the venture? It was dropped quietly..

CUST has spent less than 5 months on the internet transaction and DSS project. In the first 3 months, it has spent less than 2 MM on it. Whatever CUST is working on (IMHO, only vaporware) cannot possibly be having large barriers to entry.

JCharles may be a small firm but has a good tract record for their picks.


Their track record might be good but their report was IMO a joke. Their FA can only be compared to Louis Riley's FA on EGGS or the Stewart Report on ZITL.

Regards.
Rajiv