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8x8 Inc. Message Board

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  • DRtightwad DRtightwad Mar 9, 1999 11:05 AM Flag

    Hurry! Hurry! Big news!

    This young company {IPO in 97} still has not
    demonstrated the ability to deliver earnings that would
    warrant an analyst upgrade or possibly GETTING analyst
    coverage. They have a history of losses {as most start-ups
    have}. This is why I believe 8x8's stock price is not in
    sync with the market...and why the price eventually
    goes south after a press release that drives it up.
    Those infamous press releases in December drove the
    price to 14 only to now see it drift back down to the 3
    area. Their technology appears to lead the growing
    market and when they can deliver SUSTAINED good earnings
    with GROWING revenues, then I think the price will not
    get clobbered as we are seeing now. I think most
    investors {including me} are EARLY with this stock, but one
    can never know when a press release landing a large
    Audacity contract will send the price upwards. Down the
    road, the earnings numbers should reflect the business
    operations, and that is when the biggie investors will join
    us. And I want to own the stock before that happens
    so I am holding. Patience is very hard to practice
    especially in today's fast paced world, but from my
    viewpoint this fast changing world will want 8x8's

13.23-0.09(-0.68%)12:04 PMEDT