Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: NYBellBoy who wrote (1)	2/19/1998 8:19:00 PM
From: Bill Wexler	Read Replies (1) of 4634

Calculation....or hallucination? One of the funniest things about the current speculative mania is the Kreskin-like ability of amateur investors/analysts to "discount" future revenues and predict the size of future markets for "concept" companies (i.e. no revenues, no earnings, unproven technology). I've noticed that over the past two years or so, these estimates have gotten bigger and more insane. Remember the "$1 billion a month" revenue predictions for Zitel? In the following post, an investor tries to calculate his way into justifying paying $3.5 Billion for a company with minuscule revenues, and tens of millions in losses.... Message 3474738

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