Sunday, June 26, 2016 1:13:15 PM
We heard for two years how Overland's 20,000 reseller partners would deliver huge results for Sphere. That they would provide an instant market for Glassware and V3 appliances. The revenue from 20,000 partners would be substantial even if Sphere offered them big discounts to buy demo systems. That should be easy money, but where is the revenue? And of course, all of Eric Kelly's contacts in the Federal Government would deliver HUGE revenue.
Once again, the story has changed. Let's recap, first it was Corel, then Dell, then Ericsson, Atos, Google, Microsoft and VMware in turn. And after each BIG partner deal failed to deliver, a new one arose to take its place. And now, it's little Entisys that will do for Sphere what Microsoft, Google, Dell, VMware and others could not. Oh dear.
Let's not forget the ever changing Total Addressable Market (TAM) goals. In 2014, the TAM was $160BN. Then in 2015 it was $50BN. Now, it is $78BN. It would make you think that either management doesn't know what is their market, Or do they just keep spinning a new tale to try and keep retail invests on the hook?
Is it any wonder the share price is below a buck?
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