Day Software edges closer to Wall Street

Added By Tony Byrne at 24-Jan-2007 | Twitter: @TonyByrne |

Well, sort of. The Basel-based CMS vendor trades on the Swiss bourse, and -- fairly or not -- this adds to the air of mystery around the company's operations. Yesterday, Day announced plans to join a new listing service called OTCQX as well. Day seems to have recovered from its early-decade dive and has returned to profitability, but you (the prospective customer) keep asking us: "is that company really solvent?" As Day increasingly markets to a North American audience unused to mentally converting quarterly revenue statements from Swiss Francs, the company would do well to become more transparent about its finances. OTCQX appears to be some sort of upscale alternative to over-the-counter listings for reputable international companies. Day says it hopes for higher valuations as a result. Fine, if it also means the company will have to produce more detailed financial reports...

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