Updated valuation analysis:
As of August 31, 1999, NZRO had 1.68 MM registered users,
891,000 of which used their service during the month of
August 1999. Freeserve (FREE) is a free U.K. ISP that
trades on Nasdaq. It has approximately 1.44 MM subscribers.
Percentage
Valuation per Market cap/ Decline
Subscriber Sales From High
NZRO 1,810 203.75 4.90%
(registered
users)
NZRO 3,413 203.75 4.90%
(actual users)
FREE 1,533 98.87 45.17%
BIZZ 2,156 6.72 58.39%
ELNK 1,050 4.70 55.72%
FLAS 719 4.15 77.91%
GEEK 913 5.10 78.28%
MSPG 1,332 5.71 59.96%
ONEM 745 4.10 65.51%
PRGY(1) 1,104 7.01 66.17%
VOYN 1,247 6.99 53.66%
(1) Adjusted for acquisition of 150,000 Cable & Wireless
subscribers (transaction expected to close in fourth
quarter)
The above analysis is based on a review of the most recent
SEC filings and the September 25, 1999 closing prices. |
