I just listened to CC. In summary, its sounds to me like they are either on or above the plan they set out last Q. Interesting they will have 10 customers on LP (last q they said they wanted 3 or 4). I was surprised they said they are already in a position to recognize $2 million in Niku 6 rev for Q3.
anonyfool, regarding the repurchase program, from the press release, I can not tell how many shares are outstanding now or at Q end. That said, you can glean a few things from the public data. The press release gives weighted average shares for the Q which was 75,331M. Next piece of data is Q1 form 10Q filed in June which said that as of 6/2/01 there were 76,166 shares outstanding (wieghted average shares is lower than shares on 6/2/01). While it appears obvious they repurchased shares in June, you can't really tell how many (given the 75,331M is a weighted number and not the actual shares at Q end). Once they file the new 10Q (assume in about 30 days), we should be able to tell how many shares were repurchased. While I'm a bit fuzzy on the SEC rules, I don't think they have been able to purchase shares since late June.
Given that they should be able to resume the repurchase program on Monday (FD can buy also) and my guess is they have roughly $6 or 7$ million left of the approved $10 million, I wonder if the repurchase program will put a floor under the stock so it moves up? Thats my bet.
I looked at the tape from todays trading and it really looks like just a bunch of mom and pop retail trades giving up.