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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: robert duke who wrote (3013)6/20/1999 6:45:00 PM
From: THOMAS GOODRICH  Read Replies (1) of 8858
 
Robert,

From a historical perspective, SNMM's earnings have been the pits! That of course is also true of virtually all Internet companies that have undertaken IPO's. The long and short of it is with most companies, sucker retail investors have snapped up paper believing they could share in the success of these companies, when in fact, many are now discovering they are providing that success by virtue of their equity positions. Earnings with many are at best, years away.

In the case of SNMM, past quarterly performance is not as relevant as a company's future prospects and that should be the criteria for deciding whether or not to invest. SNMM is moving forward at a very rapid pace!
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