NOR 4.55% 4.6¢ norwood systems limited

Ann: Interim HY Financial Report & Appendix 4D, page-5

  1. 7,323 Posts.
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    NOR speak:
    "⚫ Implementation of a strategic update to support legacy Voice Messaging Services, comprised of voicemail and voice-to-text services across the CogVoice Platform."

    Reality:
    We rebranded the dud known as VM to be part of the future dud known as CogVoice which is rebranding of the dud called "Aida". We rebranded the dud known as VM to make the Optus POC more relevant to the dud stuff we are flogging now

    NOR speak:
    "Numerous technical advancements were made to the platform to improve system functions and performance, aswell as support CSP IT network integration and operational service requirements."

    Reality:
    We did some really complicated stuff and if we use as much tech lingo as we can then punters will not understand a thing and we will look quite clever.

    NOR speak:
    "Fostered further relationships with leading cloud service providers"

    Reality:
    It is easier to foster a child in Australia than actually sign a material deal with "leading cloud services providers". The Top 5 Cloud Service providers (AWS, Microsoft, Google Alibaba) have nearly 75% market share.
    https://www.cloudzero.com/blog/cloud-service-providers/

    However, the the previous financial year NOR said:
    Mar/23 Q: Currently working towards CogVoice co-sale relationships with several significant hyperscale cloud services providers, to amplify NOR’s sales reach into the global CSP market

    Dec/22 Q; we are pleased to see that a number of additional business development discussions are now solidly underway with a number of commercially interesting international communications service providers and global hyperscalers around the world

    NOR is going down the same path as with Oracle; we're are unable to sell our own products so we are hoping you can. Oracle ditched NOR and the reasons are clear if you know where to look... even after a Senior Exec allegedly flew to Perth

    All imo
 
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