Ann: Company Update, page-21

The company confirms it has 600+ accounts in place, does anyone know what a more accurate figure is as I’d say it’s in the low 600’s otherwise they would be giving accurate figures if in a positive light. Improved figures but I’m not convinced the Sales team have the strategy correct or the experience to deliver going by the low count of additional accounts over the last few years but would like to be proven wrong, I’m just not seeing the figures through the distraction of glossy magazine self promotion.  

The reason I ask is they have had a starting base of 550 since the transfer a few years back and I’m not seeing value of the marketing team as much as they beat their own drum of how good they are. If you take out the JCurve version, how many actual Netsuite customers are in place? It looks to me that the pressure is on from Netsuite to add new full Netsuite customers to the pool.  

I’m also concerned about the statement released to the market about “head winds” without any clarification on what that means and how it effects the business, again concerning when mystery and clouding of the issue which to me says they have problems and diverting more attention to Asia as if it’s going to be a saviour.  

I’m a LT holder and these are genuine questions and concerns when senior staff costs have risen in region of 50%. 4% overall, TEMS is like a noose around our neck but can’t shake it as it’s obviously core to the business currently. 

Watching with interest and waiting for improved communication outside of when the next fab morning tea will be for inclusion and for a good cause.