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Technology Stocks : SRUN : STARUNI CORP -- Hot new ISP in California

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To: Glenn Petersen who wrote (6)3/6/1999 1:06:00 PM
From: LazarusRead Replies (1) of 47
 
Glenn - also check out LMKI

Many more shares OS but the CEO holds a lot of those. If you factor in the shares he took in lieu of salary for this yr...the company by my reckoning is currently profitable.

Also, while LMKI is putting on dial ups at $9.85 or so...they are focusing on DSL for business customers....and the price is much higher...dont know the exact avg. cost...but depending on the service...probably more like $199.00 - $249.00 per month with some services being less in cost and some services being more.

Furthermore -- IMO --- dial ups are more prone to move their services and there is often a lot of tech support required...whereas business customers tend to buy and hang in with those who serve them...whether its Workman's Comp, Liability, cellular, etc...so long as they feel they have good service at a competitive rate.

Bill says he has never had a problem with collection -- they are like the phone company...if you dont pay, you dont play...or as Bill puts it "I've got your dial tone."

They just had an open house at a Covad facility on last Thursday and have 11 signed contracts so far from around 50 or so businesses that expressed interest -- and more in the works. Bill will let me know the final results after contracts are signed.

You can get more inro on the LMKI thread.

I dont know if SRUN will do what they say...but if they DO put on 50,000 dial ups this year --

''The addition of the proceeds from the offering will enable Staruni to reach its goal of 50,000 subscribers by year end,''

he stock price will soar.

I think they added 1000 in January alone and want to grow exponentially...we'll see.

Lazarus
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