Byt the way, you realy have to be naive to believe that TSAI's accounting has been "squeeky" clean. Firstly, their practice of front end loading contracts has just been struck down by the SEC as "undesireable" at best...illeagle under the new accounting rules. They are also going to take one hell of a hit from their stock options...in case you haven't heard, Congress, the SEC and FED are all looking at changing the way companies disclose these stock options. Fish, Russel, et al, must be really releaved that they got out when they did. Now, I wonder if there is any ENRON attitude here....
Finally, my sorry, hapless son, TSAI...is still audited by Anderson. Let the class action suites begin...short this puppy. Lets make some money!!!!
Please describe the "front end loading" practices you allude to in detail...just to show the rest of us you have a shred of basis for your opinions or any real undestanding of the subjects on which you repeatedly post. Also, please cite the specific pronouncement which makes these practices "undesireable"(sic) or "illeagle" (sic)(sic). I'll wait, but I won't hold my breath.
Also, please learn to spell. You're bitter enough that you must be a former employee, and you make us all look really, really bad.
Hey insider2plus2, You're obviously an insider preaching from your sermon mount. Well, let me give you a little piece of "spiritual" advice: In god we may trust, but everbody else pays cash. Get the picture!!!!
Please let the rest of us know what you are basing your opinions on. The accounting has always been suspect with the pro forma nonsense and the company has historically kept investors in the dark with rarely putting out earnings warnings.
I hope you are right in that profit will be coming soon but based of of the financials released by TSAI, I see nothing to tell me the company can stop it's downward cycle until it is either sold or markets a new product, rather than just enhancing what it already has.
The customer base has proved loyal but just because a product is hard to replace once it is in does NOT make it impossible, just ask the ANZ of Australia and S2. It can and is being done. TSAI needs to realize customers are looking at other less expensive options and need to be cutting edge, not ctting room floor.
Really - I agree its possible to replace Base24, however the reality is the opposite as normally its Base24 replacing other products, although I agree not to much of this has happened recently. As for S2, Base24 replaced ON/2 at Postbank in Holland which S2 were not happy to lose as it was one of their key sites.