JR, we agree on LEHM, also note this post from a Raging Bull
By: sfortana
Post # of 215
My answer to why this stock is worth anything.
"They offer free chat services. Wow, and who doesn't?"
With the same psychology, you should be saying "Yahoo,
Lycos, Excite, etc... offer search engine services. Wow, and
who doesn't" Besides, TCTY offers much more than chat
including personals, discussions boards, e-mail, home pages,
etc. Take a look at their site at www.talkcity.com.
"How will they make any money?"
They have the eyeballs. According to a recent survey they are
ranked 16th online for the site with the most stickiness, or
time spent on their site. With the eyeballs, they can sell
demographic information or advertising. Here's a portion
from their SEC filing ... "Our community network has
achieved critical mass in terms of traffic, registered users and
the loyalty of our users. In March 1999, we had
approximately 2.6 million unique visitors according to
Internet Profiles Corporation, or I/PRO. These users
generated over 6.6 million hours of activity on our
www.talkcity.com site during March 1999. During our peak
periods, which tend to be early evening hours, we have as
many as 18,000 users simultaneously chatting or engaging in
other interactive activities. As of March 31, 1999, we had
over 2 million user registrations and, during the quarter
ended March 31, 1999, we averaged approximately 200,000
new registrations per month. We believe the strong loyalty of
our users and engaging nature of our programming are
reflected by the significant amount of time that users spend
on our site. Our users spend, on average, approximately 2.5
hours per month on our site. "
Management is very important to a company. Great investors
like Warren Buffett know this and teaches this in their books.
TCTY has great management. For information on TCTY's
management, go here ...
talkcity.com.
Great companies have great backing. Below are some of
TCTY's investors:
Cox Interactive Media
CSK Japan
Joe Graziano
The Hearst Corporation
Intel Corporation
Media Technology Ventures
NBC
New York Life Insurance
Patricof & Co.
Quantum Group (Soros Fund Management)
John Sculley, President Sculley Bros.LLC
Softbank Ventures
Starbucks Corporation
Here's an except from RedHerring concerning TCTY's
investors ... "Some of those partners include General
Electric's (NYSE: GE) NBC (which has a 12.2 percent equity
stake in the company), Cox Interactive Media (a 6.5 percent
stake), Hearst Communications (another 6.5 percent holder),
Starbucks (Nasdaq: SBUX) (5.2 percent), and WebTV
Networks, a wholly owned subsidiary of Microsoft (Nasdaq:
MFST). " Big investors know where to put their money and
those investors are putting their money into TalkCity.
Great companies have great partners. Below are some of
TCTY's partners:
@Home
@Music
AT&T WorldNet
Bell South
Concenetric
Cox Interactive
Donna Wick Radio
Greentree
Hispanic Online
IDG Books
J. Walter Thompson
Kemper Funds
Learfield Communications
LifetimeTV
Mattel
NBC
Netnoir
NFO Research
Nokia
P.O.V. Magazine
Religion & Spiritualities
Seismic Productions
The Hearst Corporation
The Lottery Channel
Time Warner Books
Transformations
Women Online Worldwide
Zapa Digital Arts
ZineZone |
