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What does this have to do with the significant problems with the EXISTING
TS2000i ?
What does this mean for us poor souls who have tolerated:
1) 40 pages of tech notes for an interim release; new terminology in an
interim release
2) new memory management in SP3 that slows down TS and further makes
on-line, real-time analysis problematic
3) critical programming issues related to pass-by-reference forcing complete
rewrites of functions and indicators
4) OPEN INDUSTRY STANDARD PLATFORM....but critical APIs are only available
to "chosen" developers.
5) apparent failure to move user-base from existing 16 bit product; Y2K
patches cause memory leaks;
TS developers forced to support both 16 and 32 bit versions.
6) announcements of a "new platform", but no news of how existing user base
will be accomodated
I mean...how much can the user-base tolerate here ??
Can you see an end to the cost or the pain ?
> -----Original Message-----
> From: Bob Fulks [mailto:bfulks@xxxxxxxxxxxx]
> Sent: Friday, December 03, 1999 9:49 AM
> To: omega-list@xxxxxxxxxx
> Subject: Omega Doubles Engineering Staff
>
>
> ======================================================================
>
> Topic: (NASDAQ:OMGA) ,
> Headline: Omega Research Doubles Development Engineering Staff; New
> Facility in Boca Raton Adds Substantial Capacity for Future Growth
>
> ======================================================================
> MIAMI--(BUSINESS WIRE)--Dec. 3, 1999--Omega Research, Inc.
> (NASDAQ:OMGA), a leading branded provider of real-time investment
> analysis tools for the active trader, today announced that it will
> open a new research facility in Boca Raton, FL, to staff up for the
> upcoming release of WindowOnWallStreet.com and the expected Spring
> 2000 launch of TradeStation.com, intended to be the Internet's first
> streaming real-time decision support portal for the active trader.
> The company, which also has development engineering personnel in
> Miami, FL, and Dallas, TX, has, in the last month alone, hired 6
> additional development engineers, bringing the company's total
> development engineering staff to nearly 40 employees, more than twice
> the number of just two months ago.
> The new 6000-sq. ft. Boca Raton facility at 901 Yamato Road will
> initially house a half dozen engineers, but can accommodate more than
> 30 engineers as the business grows. The company said the move was made
> in part to enable Omega Research to draw upon the best engineering
> talent from the tri-county area (Dade, Broward, and Palm Beach
> counties).
> Bill Cruz, co-chairman of the board and co-chief executive
> officer of Omega Research, said, "The addition of the Boca Raton
> facility gives us substantial capacity for future growth. The needs of
> our customers, the explosive growth in on-line trading and growing
> demand for real-time information all point to strong anticipated
> demand for TradeStation.com. Today's active traders and investors need
> a sophisticated decision support tool that will help them translate
> real-time market information into more profitable trading decisions.
> TradeStation.com, the browser-based version of our powerful
> TradeStation software, should do all that and more."
>
> About Omega Research
> Founded in 1982, Omega Research, Inc. is a leading branded
> provider of real-time investment analysis tools for the active trader.
> In 1991, the company's pioneering flagship product, TradeStation(R),
> gave traders and investors the ability to test the historical
> profitability of their investment strategies and to use those
> strategies to generate real-time buy and sell signals.
> In October 1999, Omega Research acquired Window On WallStreet and
> its Financial Data Cast Network, one of the industry's premier
> streaming real-time data delivery solutions. Omega Research will
> shortly re-launch WindowOnWallStreet.com, a competitively priced,
> subscriber-based Internet tool for traders and investors who need only
> streaming real-time quotes, charts and news.
> Next spring, Omega Research intends to launch TradeStation.com,
> which the company believes will be the Internet's first decision
> support portal dedicated to serving the needs of the active trader.
> TradeStation.com will combine all the power of TradeStation with
> streaming real-time delivery of market information in a fully
> integrated browser-based Internet application. Omega Research intends
> to support the launch of TradeStation.com with aggressive advertising
> and use the company's experienced direct sales force to market it to
> active traders.
> TradeStation.com may also be offered to third party partners as a
> business to business solution.
> The company's principal products currently include
> TradeStation(R), OptionStation(R), RadarScreen(TM), and Omega Research
> ProSuite(TM).
> Visit the Omega Research web site at www.omegaresearch.com.
>
> This press release contains statements that are forward looking
> and are made pursuant to the safe harbor provisions of the Private
> Securities Litigation Reform Act of 1995. When used in this press
> release the words "believes," "plans," "estimates," "expects,"
> "intends," "anticipates," "may," "will," "should," "could," "upcoming"
> and similar expressions are intended to identify forward-looking
> statements. All forward-looking statements are based largely on
> current expectations and beliefs concerning future events that are
> subject to substantial risks and uncertainties. Actual results may
> differ materially from the results suggested herein and from the
> results historically experienced. Factors that may cause or contribute
> to such differences include, but are not limited to, the company's
> ability to effectuate its Internet strategy and to develop and market
> the products and services described in this press release (and the
> costs associated therewith), their acceptance in the marketplace,
> technical difficulties or errors in the products and/or services,
> unfavorable critical reviews, increased competition, the level of
> market demand for real-time decision support tools, real-time data
> and/or on-line brokerage services and/or website services generally,
> the scalability, performance failures and reliability of the Financial
> Data Cast Network, the extent to which the new business model impacts
> net software licensing fees, the entrance of new competitors into the
> market, the impact that the transition to a subscription-based
> Internet business model may have on the company's current customer
> base, financial statements (the level of returns and bad debts on
> current receivables) and existing business relationships, the
> company's ability to develop relationships with third parties to
> execute its business-to-business strategy, timing and significance of
> additional new product introductions by the company and its
> competitors, the level of product and price competition, general
> economic and market factors, including changes in securities and
> financial markets, results of operations for the remainder of the 1999
> fourth quarter and year 2000 (and the impact that this press release
> may have on those results), the adequacy of working capital, cash
> flows and available financing to fund the new business model, and
> other risks and uncertainties indicated from time to time in the
> company's filings with the Securities and Exchange Commission
> including, but not limited to, Omega Research's December 31, 1998
> Annual Report on Form 10-K, as well as other press releases.
>
>
> CONTACT: Omega Research, Inc., Miami
> Investor Relations:
> Gregg F. Stewart
> Chief Financial Officer,
> Vice President of Finance & Treasurer
> 305/485-7004
>
> KEYWORD: FLORIDA
> INDUSTRY KEYWORD: SOFTWARE TELECOMMUNICATIONS NETWORKING
> INTERNET
>
> Today's News On The Net - Business Wire's full file on the Internet
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> URL: http://www.businesswire.com
>
> Copyright 1999, Business Wire
>
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