Replies to post #57 on Porchers

[im a survivor]

RE: IARC

Well, I can't say the market this year has been kind to anything tech...especially the dot.bombs. Although IARC is not a dot.bomb, they were adversely effected several ways this year. First, when msft, csco, sunw and etc, are getting beaten, there isnt going to be much money thrown at the speculative plays such as Iarc. Next, although IARC is not a dot.com company, they were hurt by the fallout of the dot.bombs. A bulk of their revenue comes from the dot.com world, and we know what happened to the dot.coms....many quit spending and many no longer exist. Additionally, many dot.coms still do exist but are not paying their bills. I won;t mention any names, but IARC has done work they have not, and will probably never get paid for, with or without litigation.

Next, from the rumor mill, I hear there is alot of discontent at IARC over many different things. From what I gather, mid level folks are losing faith in the higher up management team, and some of the higher management team supposedly isn't too happy at present either. Mind you, these are all rumors, but seem to have some merit in my opinion.

Lastly, in looking more deeply at their main product(s), I am not nearly as excited as I was over a year ago. In my opinion, IARC did not act quick enough and now their supposedly wonderful product, is not so unique anymore. Anyway, I have soured on the company for many reasons...some as I stated above. With this in mind, I have no idea what the stock price will do...heck, I have seen serious crap make some nice moves and seen awesome quality get smacked upside the head, so in this market, there just is no telling what the stock itself will do.

Anyway, I wish I could tell you more....I know they are having troubles, but also know they are still trying. I personally have soured on the company and it's management and have doubts as to what the future may hold for this little company that coulda been something had they played their cards right. With all that said, I have no idea if the stock jumps back to $30 or goes down to .05 cents......

Happy trading