Comments from NSCP CEO Barksdale:
Web Week: At least one wag, looking at Netscape's stock, has said Netscape isn't so much leading Internet stocks as riding a bubble. What do you say?
Barksdale: I'm really terribly hesitant to discuss our stock price.
I think that the industry is being looked at over the long, long term and discounted to the present, and that causes very high valuations. Someone told me it was much like what happened to RCA during the Twenties, when the radio industry just came on the scene and RCA was the only pure play out there. The point is, if he means riding a wave of an industry, there's some truth to that. For example, when I was at Federal Express, we didn't just create a company, we created an industry, the overnight express industry. I think there is a very good chance that Netscape can create not just a company and a series of products but a big piece of this industry.
Reprinted from Web Week, Volume 2, Issue 1, January 1996 |
