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RE: Omega Doubles Engineering Staff



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Not this much, in my case.  I've removed TS from my system and am exploring 
Excel macros to replace the functionality that I was lead to believe I 
would get from TradeStation.    I'll wait until a release comes out that 
the folks on this list say works even remotely as advertised before trying 
again.  Meanwhile I've asked OR for at least a partial refund to compensate 
for all the futile debugging I've done for them, but not all that 
surprisingly, I've not heard back from them in the two weeks since I've 
sent the email. -uf


At 11:24 PM 12/5/1999 -0500, you wrote:
>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
> >
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> >
> > Copyright 1999, Business Wire
> >