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History has a way of repeating itself. The actions of Omega are strikingly
similar to the actions of Equis right before they closed their doors. It
was only a few years ago when Equis and Omega were slugging it out for
trading software dominance. Equis kept promising an upgrade to DOS
Metastock but kept singing a song and dance about how it was just around the
corner. Other Equis products suffered (ie. Metastock RT) as programmers
were either laid off or pulled to work on MS EOD for Windows. Equis missed
deadline after deadline after deadline. Omega was there to pick up the
stampede of new and existing traders from Metastock ( I was one) to
Supercharts and Tradestation. It's around this time that sales of TS and
Supercharts really took off. Equis finally delivered on their promise but
it was too little too late. Omega already had established products for
windows that did more than MS and for about the same price (EOD only). Now
we see Omega dropping product lines, missing promised upgrade deadlines and
not responding to a critical issue (Y2K) -- all the same stuff Equis did.
You don't need a crystal ball to see where this is headed because history
has a way of repeating itself. At least Equis offered to sell their
software to a larger company who could continue to support and drive it
ahead (Reuters). Customers weren't abonded which says a lot about the
intregity of Steven what's-his-name, president of Equis.
Tradestation is a good product and can be a great product in 32 bit. If
Omega can't or doesn't want to continue to support it then AT LEAST SELL THE
DAMN COMPANY TO A BIGGER FIRM THAT CAN CARRY THE TRADESTATION FLAG. What a
waste otherwise.
Brian.
Oh yeah, now what we could do being the devoted, and heavily committed
Tradestation owners that we are, is all chip in a few thousand dollars and
just buy Tradestation outright. Then the programmers of the group could
work for free upgrading Tradestation. Those who couldn't work for free
because they don't trade for a living could either live off their parents or
spend a few hours on the local street corner waving a torn cardboard sign
for food. We would never meet nor coordinate or efforts but Tradestation
would continue to thrive because code would be massively peer reviewed which
we all know that this is the only way to deliver a stable, sophisticated
trading platform that does what real traders want it to do. Tradestation
would become a model computerized trading platform. Yeah right!
-----Original Message-----
From: Trade Jack [mailto:trade_jack@xxxxxxxxx]
Sent: Tuesday, October 20, 1998 8:44 PM
To: hacker@xxxxxxxxxxxxxxx; Mark Brown
Cc: Mitch Ackles; Melody Blais; John Sweeney S&C;
janette.perez@xxxxxxxxxxxxxxxxx; Bill Cruz; omega-list@xxxxxxxxxx
Subject: Re: Relative to 5.0 upgrade cost
and don't forget metastock pro at $995; lower if ya got ts4 and ask
for a competitive upgrade. equis is willing to deal now 'cause omega
is between the rock and a hard place.
TJ
---Dark Hacker <hacker@xxxxxxxxxxxxxxx> wrote:
>
> You wrote:
> > cost. They know TradeLab will kick their big corporate ass! I
> > wonder how many of the people that bought that TS 4.0 also thought
> > to get in writing a guarantee of a TS 5.0 upgrade? No not a one,
>
> Tradelab isn't the only game in town. Window On Wall Street is
> looking like pretty decent competition to Tradestation and
> Supercharts. It isn't all there yet... but it will be soon if WoW
> is smart.
>
> - Hacker
>
> ---
> Dark Hacker | Fortress Of Computation
> hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
>
> Investment and Market Outlook:
> http://www.computation.com/pub/hacker/Investment/index.html
> Bishop Protein Analytics:
> http://www.computation.com/pub/hacker/Bishop/index.html
> ____________________________________________________________________
>
> "Building our future... one twisted freak at a time."
>
>
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