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Pierre;
After a good nites sleep I looked at the wording of that first paragraph
and I must have been close to over dosing on caffeine. Admitting I was in
an argumentive mood is easy. Some of my negative comments were only that
negative and of little fact. The plus side of Omega is have a small long
term debt load with no short term debt. The 28m asset figure is misleading
but all small companies do it. As for penny stocks Omega is probably good a
gamble as any others out there I just wouldn't own it. Its good to know
Bill Crews feels this way about his company and he indeed has a lot to gain
by Omega surviving. My thinking is the personal computer we use today will
be like a hand held calculator in a few years and without major bucks being
spent in R&D Omega will be left behind. I see the Internet bringing on a
trading revolution not ever seen before in the past. High resolution
interactive TV, fiber optics and modem speeds faster than ever before.
Personal computers capable of 1000 times todays capacity routing to
mainframes beyond imagination. El was a major break through in personal
trading software. The Internet is providing major exposure to the world.
World trading is close to being common place with individuals traders.
Profit potential in trading software development will bring out the geeks
in droves. I think the computing programing language will change to match
the high capabilities of the computer. Bill Gates and Bill Crews were
pioneers but only Gates is spending billions as other big software
companies do on R&D. If this side of the software business ever attracted
them Crews is history. Problem now the profit and volume levels are to low
for the big software companies to fool with person trading software but
that will change I think in the future. Intuit is there because there was a
need in personal finance and then tax. Trading is only a few years from
being something a hundred fold will take an interest in. I purchase one
computer to keep and lease one to stay in step now with the ever changing
computing power. I just don't believe Omega will be around in a couple of
years to small to compete on the new world stage.
Robert
At 09:40 AM 10/11/98 EDT, Orphelin@xxxxxxx wrote:
>Dans un courrier daté du 11/10/98 10:21:27 , Robert W Cummings écrit :
>
><< Jim beware of the 28m asset claim its not real world because on
dilution of
> those assets you would see that disappear into thin air. Those assets are
> its based mainly their share price not hard assets. This company relies
> solely on cash flow and future credit lines to keep the doors open now.
>>>
>....
><<
>The release of TS5 will help but long term Omega is behind the industry they
> use to lead. There proprietary software will not be cutting edge anymore
> and competition will force them to lower prices of their products to the
> market place later.
>>>
>
>There is no cutting edge software for the moment to compete with them.
>One or two will certainly arrive in a near future and they will meet some
>success.
>But no doubt that Omega will lead the market for year and years.
>
>It's dificult now to compete with a big company like Omega now (I mean big
>when comparing to the narrow market of technical analysis).
>Maybe their share is low, but they exist in the market.
>Do you know an other company that produces high end trading software ad that
>is present on the stock market ?
>The answer is : none.
>
><<
> EL can be worked around now without to much difficulty as is being done
> with Trade Lad using C++ programing. Omega is not moving forward but trying
> to hold on as a proprietary status they enjoyed in the eighties. Worlds
> changing and their not in step with it.
> >>
>
>I think you mean VB instead of C++.
>However, EL will remain the standard for years, due to the wide audience that
>it has now.
>
>To answer to an other post from you, I know enough of Bill Cruz and Omega to
>say that if the Cruz Brothers would have sold their company, they could have
>done this some time before.
>
>They remains with it because unlike what you think, they like what they do
and
>they think that the software development could be better with them than
>without them.
>
>Unlike some of you may think, Bill Cruz likes his products and likes to
evolve
>it in a sense that is the best one for the users.
>As for any human activity, he could be sometimes wrong, but the overall
facts
>prove that he was not so wrong since the early days - stupid yk2 and TS5
>delays discussion left aside off my mind when writing this-.
>
>The proof is that all of you ARE currently using an Omega product.
>
>
>Concerning the software price, it's not a problem.
>A serious trader and serious system developer will not chose a new $1000
>product seeming to have similar or better capabilities when a $2339.40 has
>been proven to work for years.
>At least, he will choose TS and maybe buy the new thing only to see, then use
>it if it can prove that he has a serious advantage to switch from TS to the
>new thing.
>
>$2399.40 is nothing when comparing with the money that you may loose or
>avoid to earn by choosing to spare $1399.40 in this case.
>I do not meanthat the $1000 thing will make you loose money and TS will to
the
>contrary, I only want to point out that someone that wants to play the market
>and has $1399.40 problems was bound to fail.
>
>Sincerely,
>
>-Pierre Orphelin
>
>
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