[clug] Transact Progress(?)

[Andrew Pollock]

On Fri, Aug 22, 2003 at 03:01:40PM +1000, Carl Jackson wrote:
> 
> Despite the doom and gloomers I'd bet TransACT will pull thru - I heard
> they are just about
> to announce a major new backer.   I was at Paul Buddes Broadband
> conference in Sydney this week and
> he was predicting that Broadband revenues would increase by 20-30% per
> annum for at least 5 years
> Hard to go broke in that environment :-)

revenue != profit

It's very easy for a company with more outgoings than incomings to go 
broke.

Andrew