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Ascential Software Corp. (ASCL) Message Board

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  • InvestmentGuru2001 InvestmentGuru2001 Dec 5, 2001 4:53 PM Flag

    Today's Run-up

    OK -- here's the chart. Sure, if you look at one year, PG is just where the company started.

    http://finance.yahoo.com/q?s=ASCL&d=c&t=1y&l=on&z=b&q=l

    However, at today's price, in another 30 days, PG will have lost you half your investment over a year period. Now granted, other tech stocks having performed that well this last year. However, those stocks weren't given $1.0 billion in seed capital to build a new business. In fact, if you want to compare apples to apples, SUNW would have to have received $60 billion in seed capital to make the deal comparable. Gee, I wonder what McNealy would have down with that amount of money? Not squander it on stock buybacks and executive compensation as PG did. Further, McNealy wouldn't have taken $60 billion. He would have gotten by ASCL standards $180 billion, not the comparable pitence PG secured from IBM.

    If you are trying to suggest that PG has done a good job -- FORGET IT. In fact, if anything he has reduced the value of the company markedly since he became CEO -- no growth in sales, not new products, no vision, no talent, and no profits. Last I looked, strength in these measures are a better indicator of success than keeping the company solvent and the stock price from deteriorating to zero. A monkey in charge would have had better success than PG...

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    • Hey Tigger, at it again. Atleast your not posting on company time!!:-)Now your a wall street expert???Go write some code!!

    • "In fact, he has reduced the value of the company markedly since he became CEO"

      Ok... let's see. When PG took over on 7/13, the company had just announced it had roughly 813 million in assets, 383million in liabilities, and had 282million shares outstanding. It had a stock price of $4.4/share.

      Today, the company is at a stock price of $4.4/share. It just announced it had 1.2billion in assets, 290million in liabilities, and only 263million shares outstanding.

      Now, let's look at his performance compared to a number of other tech companies since he took over.


      Company Stock 7/12/2000 Stock Now Diff
      ASCL 4.4 4.4 0%
      HPC 13.4 9.9 -26%
      SUNW 46.9 14.6 -69%
      MSFT 79.9 68.1 -15%
      ORCL 37.9 15.4 -59%
      INFA 40.3 15.3 -62%
      ITWO 70.8 6.7 -91%
      SY 21.5 16.1 -24%
      EMC 76.3 17.7 -77%

      Geesh... darn good thing you had your money in ASCL. Seems he's done a pretty good job after all, especially when compared to the tech sector in general.

      But again, I'm sure you'll just ignore this and scream something stupid again.