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Their new business model is to be an on-line broker. The software
business is probably boring so they decided to "kill the cash cow".
Lots of insider sales recently:
<http://biz.yahoo.com/t/t/trad.html>
Quarterly revenues down to $10,593,479 from $13,857,243 a year ago.
Quarterly software licensing fees down to $1,563,700 from $5,001,534
a year ago.
Quarterly net loss of $3,274,872.
Stock price hit a low of about $1.50 last week.
But other than that, the new business model looks great!
Bob Fulks
At 10:32 AM -0400 9/27/01, Mark Cerar wrote:
>When I communicated with TT on September 4th they were still directly
>selling TS2000i to their international customers. Two weeks later, I was
>informed by their salesperson that they are no longer selling it directly
>and that you have to go through an international reseller. Why, the
>salesperson didn't say. In a similar vain, they are not offering TSPro to
>new customers unless they open a brokerage account. Older customers can
>lease TSPro for $99/mo without opening an account. Is it possible that
>TradeStation Group - and their subsidiary TradeStation Technologies - are
>constrained by SEC regulations imposed upon TradeStation Securities?
>Whatever their motivation, they seem to be divorcing themselves altogether
>from the "software" business per se. Any comments?
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