Centura's CEO' June's letter to shareholders centurasoft.com |
Letter to Shareholders - June 2000
To Our Stockholders:
It has doubtless not escaped your notice that Centura's stock, which soared into the high teens in March, is now trading around $3.00 a share. There's one very good reason for this - a record-breaking NASDAQ downdraft that has hit small software stocks particularly hard. In markets like this, small-cap stocks like ours, which are considered more speculative, are usually the first to be sold off and the last to recover.
And that, we believe, is the primary reason for the drop in our stock - because we are, in fact, stronger than we were three months ago. People who invested in Centura because of our technology, our products, our markets and business potential and our solid financial footing will find those pillars not only firmly in place, but strengthened. We've added the new products we promised to our unique, complete solution for extending the business enterprise to the wireless environment: CTD 2000, db.star and eSNAPP 2.0 (to be released this month). We've added new people to help us execute our business plan to conquer the world of wireless e-business with our end-to-end, secure, real-time solution.
Our commitment to this goal remains unwavering! The annual projections we laid out in our last earnings conference call are still our targets. We expect the first revenues from the new products to begin flowing in the second half of the year, and we expect to grow on the order of 20% for this year as we complete our product transition to Web and wireless computing, markets that will be truly massive. Further, our expectation is that we will be profitable for the year. The hard work and fierce dedication of our people - our in-house stockholders - will make Centura a company that is built to last.
We have raised the bar. We intend to win!
President and CEO