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taracent wrote:
>
> Dennis Holverstott wrote:
> >
> > I think a couple of lines from the recently posted financial statement
> > tell the story about why there are so many unhappy campers.
> >
> > Three Months Ended Year Ended
> > December 31, December 31,
> > 1997 1996 1997 1996
> > Product development 540,076 342,474 1,890,392 1,041,131
> > Sales and marketing 3,291,973 1,472,205 11,272,290 5,617,931
> >
>
> Dennis,
>
> This is amazing, that Omega spent only 1.9 million of new Product
> development and 11.3 million on sales and marketing for the year. Is
> there something wrong with this picture? We call all see why release 5
> is behind schedule. Maybe they should move some of those marketing
> types from sales to programming, lock them in a room, and tell them NOT
> to come out until a release 5 and a Y2K product fix is completed.
>
> Someone's comment about attempting to sell this to large firms is
> correct, they will not buy anything these days that is not Y2K
> compliant. With this fact in hand, version 4 is a dead duck because
> they won't touch it because of the Y2K problem. Now we see why all of
> the money is being spent on marketing, to sell version 4 to the general
> "DUMB" public.
>
> I hope they deliver the version 5 before they go under. Given their
> stock performance over the last few months, the financial markets are
> not impressed with their results. I hope that they are a better
> software firm than they are stock performance firm.
>
> R Tareilo
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