A Look at CMS Vendor Financials
It's financial reporting season again as publicly-traded content management vendors submit Q4 and 2003 year-end results. With a few exceptions, all of them can claim some improvements, but as we shall see in a forthcoming CMS Watch article, mining the details can yield meaningful news for product buyers. 2003 may prove the last year that a layperson can make much sense of vendor viability from these official submissions, since ongoing mergers and acquistitions will tend to obscure underlying sales trends, while assumed "goodwill" will puff up balance sheets. One lesson of the dot-com bust, though, is that goodwill assets often prove ephemeral. Easy come, easy go...
Review the financials of select publicly-traded CMS vendors