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Ascential Software Corp. (ASCL) Message Board

  • InvestmentGuru2001 InvestmentGuru2001 Apr 30, 2002 4:40 PM Flag

    Here comes the sell-off!

    Any reasonable analyst will read the last quarterly report and acknowledge serious problems at ACSL. It is highly "unlikely" that the company will become profitable by Q4. In fact, if you read PG's and Fiore's comments in the news release, you will read that profitability is contingent upon an upswing in IT spending.

    The Street knows, as do most investors, that ASCL does not have a viable product, and that much of its technology is already available and embedded in existing RDBS technology offered by Oracle and IBM.

    Face it, this company's leadership expresses wishing thinking, not real approaches that will achieve profitability. The sooner the BoD dismisses the incomptent management team, the sooner the company can focus on developing a viable product for the marketplace. The current offerings do not fit that bill, and the company WILL run out of money staying the current course.

    Further, as more staff leave the company, the likelihood of developing a viable product lessens.

    Tomorrow, WE WILL see the 2s!

 

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