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"...postponed sales mostly came BACK in Q3 and the second half of the year looks to be a new sale record for the company."
My interest is peaked.
Thanks for sharing.
Ask and ye shall receive!
IceWEB, Inc.™ - (IWEB), a leading provider of Unified Data Storage appliances for cloud and virtual environments, today announced that Rob Howe, Chief Executive Officer, will conduct a live webcast on Thursday, August 23rd at 12pm Eastern Time.
Because there was not a cc or press release this week, does not mean there will not be one next week.
The new CEO has not even been here a month.
Perhaps we should give him a minute to become familiar with the business before he says anything?
No matter how you slice it, the death Signorello was not only tragic for his family, it occurred at a critical stage for the company and clearly had an effect on short term results.
The stock has certainly suffered in the short term however all things must be taken in context.
Most small companies such as IWEB go through a number of 'false starts' when attempting to gain market traction with a new product.
It is still too early to tell if the company will succeed.
The explosion of cloud computing and the exponential growth of unstructured data is still in its infancy so there is still plenty of time to grow.
Agreed 100%.
BK is not in the cards for the foreseeable future.
Company has at least another year to execute its business plan.
The new CEO has been on board for 15 days.
It is most appropriate that he is thoroughly familiar with the current state of business before communicating with the public.
As far as I can tell, the company is still in business and thier stock is still trading in a public market.
Until / unless the company announces bankrupcy, the prospect remains for thier product to gain traction.
All that matters is guidance.
It is up to CEO to provide some credibility soon with insight into business trends.
Recent reports from other storage vendors have been moderately encouraging so we'll have to see?
I would not be surprised to see the stock print a low of .04ish without an immediate announcement from company. If it does, that will be the bottom IMO.
GLTA.
This would seem to bode well for IWEB.
Thanks for sharing.
I would agree that failure to accept reality is the 2nd most damaging mistake amateur investors make.
1st is lack of patience.
Exactly what is "unbelievable" about my statement?
ROFLMAO!
It depends on your time-frame?
Lack of PATIENCE is the Achilles-heel of amateur investors.
GLTY.
"Any absence of news should be interpreted as nothing less than 'all hands on deck' to move sales forward and realize the potential this company has developed, and that our investors have justifiably come to expect."
Dot Hill sees midrange products as key growth drivers in 2013(which they have not even released as of today).
"At the beginning of 2012, when I outlined our game plan, I stated that we were winding down the UVS business in order to focus our investments on core storage opportunities that could result in strong revenue growth in 2013," stated Dana Kammersgard, president and chief executive officer, Dot Hill Systems. "The early indicators of results from these investments give me greater confidence today that we will indeed start to see tangible returns on our investments beginning in 2013 and that our growth will likely come from our forthcoming midrange products"
"Any absence of news should be interpreted as nothing less than 'all hands on deck' to move sales forward and realize the potential this company has developed, and that our investors have justifiably come to expect."
GLTY.
You win some, you lose some.
At one point, Howe was CEO of an INTERNATIONAL company with over 1000 employees and $100Mil of quarterly revs. No matter how you want to spin it, leading a company of this size requires significant executive expertise.
As well, Scient was not unique in its decline. Many companies suffered the same fate around the same time.
Perhaps you have heard of the 'dot-com/internet bubble'?
The dot-com bubble (also referred to as the Internet bubble and the Information Technology Bubble[1]) was a historic speculative bubble covering roughly 1995–2000 (with a climax on March 10, 2000, with the NASDAQ peaking at 5132.52 in intraday trading before closing at 5048.62) during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the Internet sector and related fields. While the latter part was a boom and bust cycle, the Internet boom is sometimes meant to refer to the steady commercial growth of the Internet with the advent of the world wide web, as exemplified by the first release of the Mosaic web browser in 1993, and continuing through the 1990s.
A combination of rapidly increasing stock prices, market confidence that the companies would turn future profits, individual speculation in stocks, and widely available venture capital created an environment in which many investors were willing to overlook traditional metrics such as P/E ratio in favor of confidence in technological advancements.
The collapse of the bubble took place during 2000-2001. Some companies, such as Pets.com, failed completely. Others lost a large portion of their market capitalization but remained stable and profitable, e.g., Cisco, whose stock declined by 86%. Some later recovered and surpassed their dot-com-bubble peaks, e.g., Amazon.com, whose stock went from 107 to 7 dollars per share, but a decade later exceeded 200.
Nice!
Thanks for pointing out that the new CEO has experience managing a global consulting company that at one point had over 1000 employees & quarterly revs of $100 Million.
This combined with his time at Dell, AT&T, and as an international consultant makes this a very impressive selection.
Since you enjoy Sports analogies one thing is clear;
Howe joined IWEB to hit a Grand-Slam Homerun. If he didn't think he could clear the fences, he would have stayed on the bench.
GL.
Looks like a strong history of success.
Too bad he only joined IWEB to help guide the company through BK as some here have speculated.
LOL!
Your sports analogy is flawed and illogical.
In business there are many winners (McDonalds isn't the only place to get a burger).
GLTY.
Rather than continuing to waste time discussing baseless speculation (3rd Q earnings will be poor, etc....) how about a quick review of the ACTUAL PUBLIC STATEMENTS & INFORMATION available to shareholders.
(1) After the failed merger of 2011, John Signorello said in a December 2011 Conference Call:
"I have heard shareholder concerns. I plan to be EXTREMELY CONSERVATIIVE with any public projections of growth going forward."
(2) On May 15th of 2012 John R. Signorello, Chairman and CEO, stated:
"We have defined our second quarter of this year as a major inflection point for the business. These relatively modest investments in Q2 drove immediate return, with a 49% INCREASE IN TOPLINE REVENUES over the prior quarter WHICH WE EXPECT TO CONTINUE. We are excited about early success indicators and remain optimistic about CONTINUED GROWTH IN SUCCESSIVE QUARTERS THIS FISCAL YEAR."
(3) After the untimely death of John Signorello, the company made these public statements on May 29th 2012:
"These advancements uniquely position IceWEB as a competitive threat to traditional vendor market share, and TO YIELD UNPRECEDENTED TOPLINE AND BOTTOM LINE FINANCIAL GROWTH IN THE NEAR TERM."
&
"Despite several storage company acquisitions by traditional vendors over the past 5 years totaling over $4 billion in combined valuation, IceWEB still delivers a differentiated product that's UNMATCHED IN THE SPECTRUM OF STORAGE SYSTEMS."
(4) On July 2nd, IWEB & its current CEO Hal Compton made the following comments:
IceWEB Executives Purchase Additional Stock as a Sign of Continued Confidence
&
"Since joining IceWEB's board in 2005, I've seen a company with tremendous potential make continuous progress in the pervasive and rapidly growing market for data storage solutions, ESPECIALLY IN THE PAST SIX MONTHS."
(5) You can believe that the sky is falling, or you can continue to accumulate.
GLTA.
I added a little today & broke my own allocation rules.
Long term prospects too good to pass up shares at .09.
GLTA.
OCZ Technology Group, Inc. Reports Fiscal 2013 First Quarter Results
Record Revenue of $114M, SSD Revenue Increases 54% Year Over Year
Net revenue in Q1'13 was a record $113.6 million, and increased 54% compared with net revenue of $73.8 million reported in Q1'12.
Q1'13 SSD revenue reached a record $106.5 million; an increase of 54% compared with Q1'12 SSD revenue of $69.1 million.
"We are again pleased to report record revenue for the quarter as demand for our SSDs has been fueled by new product introductions".
http://finance.yahoo.com/news/ocz-technology-group-inc-reports-200500934.html
Doesn't IWEB use OCZ drives?
GLTA.
Only in America are we fortunate enough to spend countless hours debating the future of a penny stock such as IWEB.
This opportunity exists because of our Freedom's which are not guaranteed. Ronald Reagan said it best:
"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same".
My thoughts and prayers go out to the family of John Signorello who used his freedom to pursue the American dream of growing a small company.
Thank God for the United States of America.
I would gladly (in fact I would rather) pay a top notch CEO 2.4Mil shares for one year of service at this 'inflection point'.
"Our average portfolio gain in Q1 2012 was 79%... average gain on new emerging growth companies added to our portfolio since April 2 is 108%..."
"NBT Equities Research.com is LEADING DIY adventure capitalists like you to amazing returns."
That's an impressive track record for a 'paid pumper'.
GLTY
Market clearly does not like the uncertainty of ACA impact on business.
Other small business owners I know are refusing to expand in any way until after election.
Any hope for a burst of economic activity in the second half of this year has been dashed by today's SCOTUS decision.
All should be concerned for their investments (in IWEB or of any nature) without a change of direction.
IMO of course.
A potential short term setback for additional sales to Samsung (if they are in fact an IWEB customer):
http://www.thedailybeast.com/cheats/2012/06/27/judge-blocks-samsung-galaxy-tab.html
A U.S. judged ordered Samsung to stop selling its Galaxy Tab 10.1 after Apple requested an injunction on the product and called it “blatant copying.”
A purchase made in the current quarter if I am not mistaken.
Stocks rise and fall.
This stock has risen and fallen.
This stock will rise again and fall again.
Shareholder value is built over time by "nurturing" and growing a business which last time I checked is what IWEB is doing.
MACD Histogram on weekly chart has turned up & RSI on daily back above 50.
Short term buy signal was triggered today at .13 with stop below .12.
As you just admitted, you are using the 'common language' understanding of the word 'guess'.
When used in the proper form (ie: as an intransitive verb), guess can be interchanged synonymously with estimate or speculate.
In any event, GLTY.
I agree that a top notch outside hire would be outstanding.
While I am impressed by Toole, his lack of executive leadership experience gives me pause. I know several others have touted him as a possible successor?
Unfortunately, you are incorrect. Here is a little lesson in grammar:
"I guess the earnings will improve."
This sentence uses "guess" as an intransitive verb.
You could substitute the words "estimate" or "speculate" for "guess" and the meaning would be the same.
GLTY.
Best wishes to you as well.
It is obvious from your posts that you are not only intelligent but that you possess the rare ability to clearly see the forest through the trees.
Any guesses on which direction they go for the CEO (in-house, outside)?
Thanks again for all your informative posts.
Agree 100%.
Market cap should be over $40Mil right now based on available information.
A guess is an estimate.
An estimate is based on the act of evaluation.
An evaluation can be made based on the recent trajectory of sales.
How exactly is that pointless?
Yes it does speak volumes to my investment thesis for this stock.
I make $ in the market. Period. I have a 70%+ documented success rate for my investments.
Do you keep detailed logs to analyze your trading strategies and success rate?
Do you stick to a disciplined, well defined system for interacting with the market or do you make it up as you go along?
Do you have any thesis for holding this stock?
Try this on for size:
When quarterly revenue numbers reach the point where they show a $10Mil minimum annual run-rate, the stock will be 5x higher than today's price.
I believe this will happen within the next 18 months.
Were this to occur my 'plan' will have come to fruition.
Will this happen, I cannot say. All I know is that most of the time my investments are profitable.
GLTY.
I was a day trader for many years, have made thousands of trades, and have invested in many companies. I have profitably traded short term positions in IWEB several times in th the past few years.
IWEB is at the same time a start-up, a growth stock, and a value stock depending on your perspective.
When I sell my long term shares (after letting the company 'nurture' its product and business) the board will be able to compare the relative successes of each of our strategies.
I dont know about you, but I plan to make several million $ from this 'investment'.
GLTY.
What is your investment thesis for the purchase of IWEB shares when you clearly state that they have little money and seem to believe they will fail?
"Too often, investors are impatient to get rich, and that is not the way to be in stock markets", Buffett said.
"When you invest in a farm or an apartment, you don't go out the next day and get a quote for it. You use it, nurture it, and increase its productivity."
"But when people buy a stock, they look at its price the next morning to see if they made the right decision. That is foolish," Buffett said.
Words of wisdom indeed!