Investors in enterprise-software developer NetManage
NetManage's software helps companies put their existing technology environments to better and wider uses. Suppose a company has a traditional software system from Oracle
With Corporate America moving more data to the Internet, the market for products like NetManage's is robust. On the other hand, the competition from the likes of Hummingbird and IBM
NetManage CEO Zvi Alon admitted that his company's Q2 performance was disappointing. In so many words, he said he had been too optimistic about his company's ability to close sales. But he believes the second half of 2006 will be much better.
Unfortunately, his company faces another problem: His team had only nine new customer wins for the second quarter.
NetManage's disappointing quarter is not a new trend, and the deteriorating stock price is proof. Words are no longer enough for this stock. Investors want to see results.
Fool contributor Tom Taulli does not own shares of companies mentioned in this article.