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Net Perceptions, Inc. (NETP) Message Board

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  • saprophytic1 saprophytic1 Apr 22, 2001 5:39 PM Flag

    Today I settled All Family Bis (cont)

    THE SHAREHOLDER-MANAGEMENT RELATIONSHIP MUST BE REPAIRED, IF THE COMPANY IS TO SURVIVE.

    WHAT IS TRUE OF NETP, IS TRUE OF MANY, MANY OTHER COMPANIES WITH REGARD TO NOT PROVIDING A COHERENT VISION IN THE FACE OF A LIMITED ECONOMIC DOWNTURN.

    Most investors are coherent adults, companies need to treat them as such.

    What NETP did in their 3Q CC was make a pre-announcement that no one was expecting on a Thursday afterhours (I believe), left the investors to watch the locusts to aggregate (which they did), promised to shed some light at the CC, and then at the CC failed to do what they said they would do- hoping to buy some time until the next series of announcements. Those announcements never came because the economic door had been shut.

    The egregious error was that no vision emanated from the company. Unlike a John Chambers that just admits that it was like a light switch had been flipped, they played to the "strong pipelines" which just evaporated and served to do nothing but string the true longs a long (a poor pun) for the ride.

    THE TRUE LONGS ARE THOSE WHO A COMPANY NEEDS THE MOST WHEN THE ECONOMIC ENVIRONMENT TURNS SOUR.

    But alas, every true long was burned along this trail (individual or institutional) -- either initially or on the lack of follow through. Until a vision returns to the company, neither will the investors- except for the bottomfeeders and the suckerfish.

    For this fish tank there may be good nutrition in the long run near the bottom and along the sides but what price life? And it only lasts as long as someone occasionally introduces some real sustenance AT THE TOP.

    Invest blindly? I don�t think so.

    What is this sector? Personalization? Have companies been investing in ways to further personalize their sites as their cash flows dried up these past 6 months? Some have, most haven't. Just like in many areas of the net; internet security stocks for example. The need for internet security hasn�t gone away these past number of months, but those stocks have been sold off as well and due to many of the same reasons. Were companies looking to increase their expenditures in this area? Probably not.

    Incidentally look at Hailstorm and you've got to wonder, in the midst of all that it promises to do, about MSFT's reputation for security. So Hailstorm will have some hurdles to clear BUT at least it is a VISION being PUT INTO ACTION.

    NETP is not a dot.com company though it played to the dot.com crowd and when the bubble popped so did NETP's. They were caught by not having a diversified approach to attaining their overall business objectives and goals.

    Personalization is based on communication. Communication at the company has been less than optimal (to put it nicely).

    �And ORCL please.... They could give a s__t about NETP they have their own problems.�

    I would say don't knock any of the large players including IBM, SUN, ORCL, MSFT, etc until you see what they've got. FighterjockF16 might agree.

    All the ISV�s are quiet now. No big wonder why either.

    Well that is another story that has nothing to do with the state of the shareholder-management relations as they stand now or the ability of management to stand by and say nothing (through news stories or other legitimate mechanisms) as their market cap evaporated.