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I also listened to that conference call. They noted that they have sold over
45,000 copies of their client side software (TS3, TS4, TS5, TS2K) at an average
price of over $2,000. No doubt that the majority of those copies are now
shelfware. With such a small installed base they can afford to walk away from
it.
Charlie
William Wood wrote:
> I just listened to Omega's archived broadcast about thier recent earnings
> report. They stated that they ceased marketing legacy products in 5/2000
> and that they expect those sales to continue to decline during 2001 since
> there will be no further marketing efforts. My hope that the reappearance
> of Ts2ki on Omega's new website meant that further development of Ts2ki was
> possible seems dashed.
>
> Omega also says they expect that thier new direct access brokerage revenues
> will dwarf subscription revenues from TsPro. These new revenues will come
> from institutional and serious individual investors. To date there are
> "north of 2000 TsPro subscribers including a small number of new users";
> this is described as very encouraging since no advertising effort has been
> launched pending announcment of the brokerage module for Pro, except direct
> mail to existing customers.
>
> All of the Omega speakers, Bill Cruz included, sounded worried to me.
>
> Looks to me that we can forget any further development of Ts2ki.
>
> Bill Wood
>
> -----Original Message-----
> From: Bob Fulks [mailto:bfulks@xxxxxxxxxxxx]
> Sent: Wednesday, March 21, 2001 2:43 PM
> To: Lee Goldberg
> Cc: omega-list@xxxxxxxxxx
> Subject: Re: Please help me before I do the unthinkable!
>
> At 12:15 PM -0800 3/21/01, Lee Goldberg wrote:
>
> >I found TS2K to be too bug-laden and tempermental for real time use.
>
> There may be hope!
>
> I happened to go to the new Omega web site today at
>
> <http://www.omegaresearch.com/>
>
> and noticed that the former "legacy software product", TradeStation 2000i,
> is again available for sale!
>
> Maybe this means they might fix some of the bugs!
>
> Bob Fulks
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