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Re: Omega Research 2nd Quarter Losses 16 Cents A Share Versus 1 Cent



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You mean Bill Nero?  His prior fiddle-playing compatriot actually set the
fires that burned Rome.  Does Bill have a golden parachutte?

(:>{})

Don

----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: "Bob Fulks" <bfulks@xxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Wednesday, July 26, 2000 12:54 PM
Subject: RE: Omega Research 2nd Quarter Losses 16 Cents A Share Versus 1
Cent


> YTD comparable period revenue down 50% ????
> In this age of high tech companies with 100->500%+ rev increases ?
>
> I would say this spells "buh, bye" Omega.....
>
> BTW: I wonder if Cruz plays with his fiddle as Omega burns to the
> ground.....much like Rome did.
>
>
> > -----Original Message-----
> > From: Bob Fulks [mailto:bfulks@xxxxxxxxxxxx]
> > Sent: Tuesday, July 25, 2000 3:40 PM
> > To: omega-list@xxxxxxxxxx
> > Subject: Omega Research 2nd Quarter Losses 16 Cents A Share Versus 1
> > Cent
> >
> >
> > ================================================================
> >
> > Headline: Omega Research 2nd Quarter Losses 16 Cents A Share Versus 1
Cent
> >
> > ================================================================
> > Omega Research Inc. - Miami
> >    2nd Quar June 30:
> >                       2000           1999
> > Revenue             $5,357,407    $11,624,035
> > Net income          (3,944,274)      (181,706)
> > Shr earns
> >  Net income               (.16)          (.01)
> >    6 Months:
> > Revenue             13,757,982     22,059,419
> > Net income          (6,905,600)       468,395
> > Shr earns
> >  Net income               (.28)           .02
> >   Figures in parentheses are losses.
> >   Omega Research Inc. (OMGA) said losses for the recent quarter are the
> > result of a planned switch in business and revenue models and are likely
> > to continue for the next few quarters.
> >   Omega Research, a business software company, has plans to become a
> > direct-access online brokerage. As part of the change, the company now
> > records revenue as services delivered, rather than recognizing revenue
> > at the time of sale.
> >   -Russ Watkins; Dow Jones Newswires; 201-938-5388
> >   (This story was originally published by Dow Jones Newswires)
> >   Copyright (c) 2000 Dow Jones & Company, Inc.
> >   All Rights Reserved
> >
> > ================================================================
> >
>
>
>