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Non-Tech : Valley Media (VMIX) IPO

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To: Phantom Dialer who wrote (225)6/24/1999 11:32:00 PM
From: Paul Hackett  Read Replies (1) of 298
 
Very good points, Phantom. VMIX' Internet distribution performance places it in an elite group of companies as far as market share is concerned. Problem is that not many investors, institutions, etc. are paying attention to Internet order fulfillment companies, but prefer to concentrate on the actual ".com" companies, content providers, portals, search engines, back-store solution companies, ISP's, broadband cos., telecos, hardware and software companies doing a lot of business with Internet companies, etc.

I'm hoping that this will change within the next year. VMIX has to be one of the first companies which will catch a lot of people's attention esp. after the X-mas quarter's results are reported. Their New Media's sequential quarter revenue growth will certainly be impressive. And then maybe CNBC, Steve Harmon, The Street.com, Multex, etc. will begin to hammer-it-out everyday saying, "Most of the .com companies will never make enough profits to earn their already lofty market caps. It just will not happen."

I don't think there is any one press release (other than quarterly earnings reports) which will make VMIX a darling of the Internet media. It is going to be gradual and will take some time, but all long-term investors should be well rewarded. As a matter of fact, all the good news seems to have already been reported without much fanfare, ie. CDNow, Amazon.com, Virgin contracts, last 1/4's earnings report, marketshare dominance, etc. I'm just going to sit back, stop posting for a while and watch.
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