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MIND C.T.I., Ltd. Message Board

  • wiggly94568 wiggly94568 Jun 11, 2013 5:18 PM Flag

    MNDO needs a press release

    Just something to take the recent rating change off of the top of the news board.

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    • NEW CFO-That will usually get some action going.


      Sentiment: Hold

    • Who would issue the news release? No PR department. No Marketing department. Investment here is based on faith alone.

    • Wiggly,

      Although I appreciate the sentiment, I don't think anyone cares about the robo ratings by TheStreet.

      On a related subject, however, do you (or any other readers of this) have an opinion on the current quarter? Is it reasonable to assume it will be strong based on the weakness in the last quarter (and, in particular, the delayed deal?)



      • 2 Replies to pajacobsen
      • Hey Paj - Like David, I am in the dark regarding this quarter's revenues. They may have closed that deal, they may not have.

        I am aware that at least one staff member in the US is being let go, but I don't know the circumstances, or if that is a cost control action. I wouldn't necessarily read more into that other than the impact of shifting more resources to Romania, where they had recently increased headcount. My read of Monica is that, if push came to shove, she would reduce headcount to maintain margin, or shift headcount to Romania where the resources are more affordable. MNDO does have a habit of resourcing US deployments with L1 visa-holding employees.

        One staff person is not a trend. I see it as just a note to check the expenses compared to Q1 in the next statement.

        I am assuming, like David appears to be, that at least Q1 levels recognized revenue will continue into Q2 from backlog work being complete and revenue recognition under existing contracts.

        News would certainly be more welcome than my own idle speculation.

        Good fortune to you.

      • We (the general public) don't have much to go on as far as divining MNDO's quarterly revenues. The company has been silent. Without any other news, one is left to assume that revenues will be about the same as in 1Q, with the addition of any new deals. But, there could also be canceled or non-renewed contracts subtracting from the revenue level of 1Q.

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