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They want some regular cash flow, that's why.
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: "Tim Tillson" <timtillson@xxxxxxxx>
To: "Clyde Lee" <clydelee@xxxxxxxxxx>; "Bob Fulks" <bfulks@xxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Friday, August 31, 2001 6:57 AM
Subject: Omega's got religion
: Bob's summary is brilliant, one for
: the business textbooks!
:
: It's as if Omega suddenly got the internet religion,
: and are shedding all their valuable worldly posessions.
: The only problem is that, this particular space ship
: launched for the heavens some years ago, and blew up
: in flight.
:
: What can they *possibly* be thinking??
:
: -Tim
:
:
: ----- Original Message -----
: From: "Bob Fulks" <bfulks@xxxxxxxxxxxx>
: To: "Clyde Lee" <clydelee@xxxxxxxxxx>
: Cc: <omega-list@xxxxxxxxxx>
: Sent: Friday, August 31, 2001 7:26 AM
: Subject: Re: NeoTicker (was Re: EL to VB translator)
:
:
: > At 9:34 PM -0500 8/30/01, Clyde Lee wrote:
: >
: > >Don't be in too big a hurry to scratch Omega/TRAD as I have yet to
: > >find anything that allows me to develop ideas as easily as in
: > >TradeStation.
: >
: > I agree. Too bad the supplier of the product is killing it.
: >
: > Picture this.
: >
: > You have a company that is selling a product that has turned out to
: > be the industry standard for developing and testing trading systems
: > and indicators.
: >
: > The original architecture of the product was very clever and was
: > nearly perfectly matched with the customer's problem so it became the
: > platform of choice over many years.
: >
: > In spite of totally abysmal quality control and horrendous customer
: > service, you still have a virtual monopoly with no competitive
: > product anywhere close to the same capabilities.
: >
: > There are thousands of programs available to customers written in
: > your proprietary language that customers can easily get to experiment
: > with.
: >
: > The market is growing since more and more people are understanding
: > that the buy/hold mentality that worked for the past 20 years isn't
: > working any more. They want more active management of their money and
: > most now have personal computers.
: >
: > All brokers would love to be able to provide such a tool to their
: > customers and would gladly provide an interface between such a tool
: > and their order entry system.
: >
: > You would think that anybody who had such a company would "think he
: > had died and gone to Heaven".
: >
: > But no. They decide to throw all that away and become an on-line
: > broker, trying to compete with well funded giants such as Schwab,
: > Fidelity, Ameritrade, etc., all of whom happen to be laying off
: > people by the thousands.
: >
: > By deciding to compete, they cut off potential sales through all
: > existing brokers who could have been a massive sales force promoting
: > their product.
: >
: > By discontinuing to sell the product, they force all customers to
: > start looking for another product - no one want to be stuck without
: > support. This also cuts off the only existing source of revenue.
: >
: > This also sends a clear message to potential suppliers that the
: > customer base is up for grabs so potential competitors redouble their
: > efforts.
: >
: > Someone must have a death wish...
: >
: > TRAD stock is again near it's all time low of about $2.50 so the
: > stockholders are voting - with their feet...
: >
: > But perhaps we are missing something and this is really a brilliant
: > strategy in disguise...
: >
: > Bob Fulks
: >
: >
:
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