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Technology Stocks : NetNation Communications, Inc - NNCI
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To: Gator who wrote (37)6/22/1999 10:53:00 PM
From: Carl Smith  Read Replies (1) of 121
 
Gator,

Thanks for your response. Your link is somewhat in error. If you look at the chart NNCI only started trading as NNCI three months ago. Therefore a 52 week range is somewhat suspect.

A company that is a couple of years old shouldn't, in my mind, necessarily have to be in the black. With expanding sales also additional upfront costs it is difficult to achieve. However for a startup to be achieving a steadily increasing revenue growth can only be taken as a positive. (They did have a reputable auditor review their 1998 year-end financials. This was not required but shows the concern of management about hyping their business. Additionally they are creating a duplicate site to ensure if a failure occurs at the prime location that a switch over will take place. This will of course is a capital expense and will require upfront money but will ensure a satisfied customer base.)

They are not an ISP type company that provides a means of accessing the internet but rather a "web hosting" company. I currently use their services and find them extremely user oriented. Like the ISP's they do charge a monthly fee and provided the service is satisfactory there is no reason to switch to another hosting company. Therefore each new customer provides a continuous revenue. I'm not sure what the breakeven is but they were in the black for quarter ending 12/31/98. Although the CEO states that from a timing perspective this could have been a loss quarter. So honesty seems to rule the day.

I'm not sure if they will ever get 1/30th of the pie. However, the pie is quite large so that small increment could well represent 150m in sales.

Carl
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