I'd make several comments.
Eric Smit - How can the guy get by on this level of G&A? He deserves a "gold star" if they truly have cut G&A this much. I find it very hard to believe they don't have some re-allocations taking place between categories.
Guidance - Can't believe they have not pulled in their guidance. That is great that they have not but I sure hope they explain how in the world they are going to get to the results they are projecting. In order to get to breakeven they have to report significant profits the last two quarters which is just a little bit hard to believe. I want to hear how they are going to get to this level of profitability!
19% Hosting Growth - I dunno; seems pretty anemic all things considered.
I am down $32K in EGAN. I was up $8K in 2000 and everything went down the drain.
I am just holding on to hope that Ashu would do something with Egain. He hasn't sold a single share nor taken any salary.
Listened to the conference call. Really not too much to report. They are counting on license deals closing and I didn't get the impression that Cisco was going to do it all. In other words, high risk of not meeting guidance.
If they can kick hosting revenue growth rate into the 30% plus range I wouldn't care about them missing but I don't think that is going to happen.
Very risky investment. That certainly isn't news.
I am not sure why there are not selling out to a bigger company. They could wipe out the entire SG&A and start making some decent money.
Salesforce.com, Oracle, Chordiant (I own) comes to my mind.