To: superhooper who wrote (545) | 4/6/2000 10:58:00 AM | From: Rupert | | |
There's a profile of MSTR CEO Michael Saylor in this week's New Yorker magazine (April 3rd). Not all that inspiring I must say. I guess I'm not really seeing how the strategy.com site is any different from any other web portal. It's certainly a long way behind portals like Excite.com. And those tabs at the top look just like the ones at Amazon.com. |
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To: Rupert who wrote (546) | 4/6/2000 12:21:00 PM | From: Still Rolling | | |
"I guess I'm not really seeing how the strategy.com site is any different from any other web portal. It's certainly a long way behind portals like Excite.com. And those tabs at the top look just like the ones at Amazon.com."
Rupert, Exactly. Pull the drapes and there's nothing there. This company is all hype. Craig |
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To: Still Rolling who wrote (547) | 4/13/2000 8:51:00 PM | From: Howard C. | | |
MicroStrategy Says It's Under Investigation by SEC (Update4) 4/13/00 1:58:00 PM Source: Bloomberg News
Vienna, Virginia, April 13 (Bloomberg) -- MicroStrategy Inc., a maker of data-delivery software, said it's under formal investigation by the U.S. Securities and Exchange Commission about its revenue figures, which it revised last month.
The company, whose stock tumbled in late March after the revision, said the SEC notified it of the 'formal order of private investigation' last month. MicroStrategy today changed its earnings results to losses for the last three years.
MicroStrategy revised its financial results for 1998 and 1999 in March to comply with recent SEC statements on when sales can be counted as revenue. The Vienna, Virginia-based company is the defendant in at least a dozen shareholder lawsuits.
'The SEC has requested that we provide them with certain documents concerning the revision of our financial results and financial reporting documents,' MicroStrategy said in its filing.
The company wasn't available for comment.
MicroStrategy's shares fell 3 7/16, or 8.1 percent, to 39 1/16 on the Nasdaq Stock Market. They rose as much as 22 percent today, before the company disclosed the SEC inquiry. The shares have fallen 66 percent since the company said March 20 it would revise its revenue figures.
'Can of Worms'
'At some level, MicroStrategy's core business is doing all right, which is why the stock was up,' said Bert Hochfeld, a Josephthal & Co. analyst. He rates the stock 'hold,' although said he wouldn't buy it at present prices.
'Why do I have to go get involved in this can of worms?' he said.
MicroStrategy reduced its 1999 revenue to $151.3 million from $205.3 million, and its 1998 revenue to $95.5 million from $106.4 million. The company said today it also revised 1997 revenue to $52.6 million from $53.6 million.
The company also said it lost 44 cents a share last year, from net income of 15 cents; lost 3 cents a share in 1998, from earnings of 8 cents; and lost 2 cents a share in 1997, from breaking even.
Hochfeld said he'd rather invest in MicroStrategy rivals Cognos Inc., Hyperion Solutions Corp. or Business Objects SA, which are profitable.
'Why would I want to buy a company that's going to loose money this year?' Hochfeld said of MicroStrategy.
Business Objects, based in Levallois-Perret, France, rose 10 7/8, or 15 percent, to 83 3/8. Ottawa-based Cognos fell 4 5/16 to 59 3/4. Sunnyvale, California-based Hyperion fell 1/4 to 25 1/2. All three companies are listed on Nasdaq. |
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To: Howard C. who wrote (548) | 4/13/2000 9:09:00 PM | From: dave_s | | |
I am neither short nor long, but this stock is in trouble.
The news release of 6:05 PM clearly states that the SEC investigation is ongoing. Thus, the SEC has other issues with the company beyond the restatement of 1998 and 1999:
biz.yahoo.com
The investigation is ONGOING as a RESULT of the restatement:
cbs.marketwatch.com
There may be no further outcome, but this case is FAR from closed. Management is in DEEP trouble in any case. At best they will be ousted. At worst they will be taking a vacation as a guest of the Federal government. |
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To: NotNeiderhoffer who wrote (473) | 4/14/2000 1:28:00 PM | From: Beltropolis Boy | | |
NN: yo, how's the Beenz-counting coming? you running out of legumes yet?
down here in Beltropolis, the MonSTeR is hurtin' for triple certain.
top o' today's Washington Post Bidnez section reads: "Saylor Posts Resume on Monster.com"
you a New Yorker subscriber? the Blockhead himself made last week's edition; "Hail Caeser" methinks it was dubbed. he said his 10-year MIT reunion had 1,000+ no-shows. guess, $2B in stock still doesn't buy you many friends.
btw, rumor has it in this town that Saylor's credit is no good.
Cities, where threw his own "Guess who's old enough to run for President?" 35th b-day bash, will accept cash only.
Tragedy!
cdnow.com
NotoneBeeGeesCDinmycollectionCM |
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To: Beltropolis Boy who wrote (550) | 4/14/2000 4:38:00 PM | From: Still Rolling | | |
It's amazing how resilient this fraudulent POS is--it should be in the single digits along with VUSA, ETYS, and co., (which actually are at least real companies selling real products). Excuse me, I think I'll go to "strategy.com" now for a couple of laughs. |
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