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Truly a massive undertaking. Could it be the first brokerage firm to
have a non-liability clause for trades based on floating point errors?
dbs
Bob Fulks wrote:
> At 10:05 AM -0700 5/11/00, Brian wrote:
>
> >i say we pool our finances and do a hostile takeover. at least they'll
> >have real users directing development then.
>
> Chart of stock price is attached. Pretty soon it will be free!
>
> Other recent OMGA news appended below.
>
> Bob Fulks
>
> -----------------
>
> From: <http://biz.yahoo.com/prnews/000512/ny_twst_ce_3.html>
>
> Ralph Cruz, co-CEO of Omega Research (Nasdaq: OMGA - news), notes,
> ``In terms of marketing, we are big believers that it is better to be
> different than it is to be better. We do not try to identify or
> create products that are better than existing solutions. We try to
> identify market segments that currently are not being met by any body
> else and develop a unique solution for that segment,''
>
> --------------
>
> >From Omega's most recent 10K report:
>
> The Company is in the process of changing its business model. The
> Company has taken steps to transform itself from a trading strategy
> client software company to an on-line brokerage firm that intends to
> provide to active traders a best-of-breed, Internet-based trading
> platform: One that incorporates and seamlessly integrates powerful
> trading strategy development tools, historical and streaming
> real-time market data and news, and a direct access electronic order
> execution system. The Company's historical business model has
> consisted of sales of client software products, payment for which is
> committed to in full by the customer at the time of sale. Under the
> new business model, the Company will seek to derive recurring
> revenues from customers by offering monthly subscription services for
> trading strategy development tools integrated with streaming
> real-time market data and news for which a monthly fee is payable,
> and by offering on-line brokerage services for which commissions are
> payable. The Company believes that it will be able to leverage its
> historical success in selling trading strategy tools to build a
> subscriber base of active traders that will use its on-line brokerage
> services or, at a minimum, its trading strategy subscription services.
>
> ------------------------------------------------------------------------
> Name: OMGA.gif
> OMGA.gif Type: GIF Image (image/gif)
> Encoding: base64
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