Has anyone here looked at the finaincials? I had a brief look last night and I have to say the news is not good. Consider that isoft spent 400m dollars on costs prior to 2007 and then they drastically reduced them down to 200m dollars...the cost reduction came from stopping development on Lorenzo ... that is why accenture their previous lead partner exited. So iba to get lorenzo going is going to have to spend a lot more than they have stated so far...and their revenue can't be great in europe given what is going on (except for germany). You have to wonder what gary cohen is going to do...yet on the bright side they must have known this..but they could not have expected the global credit crunch...interesting times ahead. Anybody else got any insight? My main concern is that they may have a cash flow problem sooner than later.
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