What did Mark mean when he said in the interview t
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Posted On: 08/28/2018 12:39:37 PM
What did Mark mean when he said in the interview today:
2:47: "we are about to close some major new deals, "Contracts are
signed (phase one is the sale and this is not what he was talking about)",
When contracts are signed, the process of integration (phase two, and this is not what he was talking about) starts. This can take months and months to integrate. In the case of software integration with a software company, this requires that the computers of users, re-sellers and suppliers talk to each other without issues occurring. After the sale, this Phase of the integration can take months to years.
3:00 "its just a matter of getting through all the testing" (Phase three, now this is what he was talking about)
After the integration (phase two) is complete, then testing (phase three)
begins. Again, as in the previous phase, this can take months as all the
issues or bugs are worked out of the operating of the software interfacing
with all parties that will be involved.
3:02 "we are expecting these deals to be closed in September, October at the
latest" (phase four, this is what he was thinking of).
Closing of deal (phase four), is when all the hard work that has been put in for months (and sometimes longer) is finally realized. The software in implemented into the system for use. Phase four is what brings us to the phase that everyone has been looking forward to (PHASE FIVE), the completion of the deal, or the Paycheck. Phase five normally occurs the month following phase four (closing of the deal by implementation).
3:15 As Mark said, these deals represent millions
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Of course this is IMO !
2:47: "we are about to close some major new deals, "Contracts are
signed (phase one is the sale and this is not what he was talking about)",
When contracts are signed, the process of integration (phase two, and this is not what he was talking about) starts. This can take months and months to integrate. In the case of software integration with a software company, this requires that the computers of users, re-sellers and suppliers talk to each other without issues occurring. After the sale, this Phase of the integration can take months to years.
3:00 "its just a matter of getting through all the testing" (Phase three, now this is what he was talking about)
After the integration (phase two) is complete, then testing (phase three)
begins. Again, as in the previous phase, this can take months as all the
issues or bugs are worked out of the operating of the software interfacing
with all parties that will be involved.
3:02 "we are expecting these deals to be closed in September, October at the
latest" (phase four, this is what he was thinking of).
Closing of deal (phase four), is when all the hard work that has been put in for months (and sometimes longer) is finally realized. The software in implemented into the system for use. Phase four is what brings us to the phase that everyone has been looking forward to (PHASE FIVE), the completion of the deal, or the Paycheck. Phase five normally occurs the month following phase four (closing of the deal by implementation).
3:15 As Mark said, these deals represent millions
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Of course this is IMO !
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