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YTD comparable period revenue down 50% ????
In this age of high tech companies with 100->500%+ rev increases ?
I would say this spells "buh, bye" Omega.....
BTW: I wonder if Cruz plays with his fiddle as Omega burns to the
ground.....much like Rome did.
> -----Original Message-----
> From: Bob Fulks [mailto:bfulks@xxxxxxxxxxxx]
> Sent: Tuesday, July 25, 2000 3:40 PM
> To: omega-list@xxxxxxxxxx
> Subject: Omega Research 2nd Quarter Losses 16 Cents A Share Versus 1
> Cent
>
>
> ================================================================
>
> Headline: Omega Research 2nd Quarter Losses 16 Cents A Share Versus 1 Cent
>
> ================================================================
> Omega Research Inc. - Miami
> 2nd Quar June 30:
> 2000 1999
> Revenue $5,357,407 $11,624,035
> Net income (3,944,274) (181,706)
> Shr earns
> Net income (.16) (.01)
> 6 Months:
> Revenue 13,757,982 22,059,419
> Net income (6,905,600) 468,395
> Shr earns
> Net income (.28) .02
> Figures in parentheses are losses.
> Omega Research Inc. (OMGA) said losses for the recent quarter are the
> result of a planned switch in business and revenue models and are likely
> to continue for the next few quarters.
> Omega Research, a business software company, has plans to become a
> direct-access online brokerage. As part of the change, the company now
> records revenue as services delivered, rather than recognizing revenue
> at the time of sale.
> -Russ Watkins; Dow Jones Newswires; 201-938-5388
> (This story was originally published by Dow Jones Newswires)
> Copyright (c) 2000 Dow Jones & Company, Inc.
> All Rights Reserved
>
> ================================================================
>
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