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Technology Stocks : Paul Allen's Wired World

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To: Mike McFarland who wrote (56)7/4/1999 7:32:00 PM
From: mike.com  Read Replies (1) of 361
 
Is IATV cheap? This company in just six months
has gone from unnoticed to a half a billion
dollar marketcap. If you captured any of that
run, wouldn't it be greedy to expect any more
out of it?


Greedy or smart? That's the question. Do you remember when America Online traded on the small cap market under the symbol AMER? It was one of the most heavily shorted stocks. Many people were betting they wouldn't succeed. Man, I wish I would have bought the stock back then and just held on.
ACTV may be another one to just buy and hold. I have seen two analyst projections about future revenue and if they are correct, this stock will soar. For another case study, try looking at GMST. They had revenue of 200 mil last year and now have a market cap around 6 billion. I believe ACTV will have similar revenues in the future and if their market cap is similar the stock will be over 100 (based on 40 million shares outstanding).

but I
do wonder when I see two comments hoping for
a Paul Allen investment in IATV if maybe you
came to this issue late--at the top?,


Well, actually ACTV already has all the investors it may need to be a huge success. It's my opinion that the company has been John Malone's best kept secret. With his Liberty Media wanting a 25% stake, that's good enough for me to keep my money invested in ACTV and to watch the future play out. Keep an eye on it Mike, I think you're going to be surprised at the results.
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