How about another cash play? Cracked IPOs. Last month,
community Web site builder TalkCity.com (TCTY: news,
msgs) raised $60 million, before fees, then saw its stock get
crushed. Yeah, so the California company is losing money
hand-over-fist -- $7 million or so in its most recent quarter.
Still, revenues and page reads are soaring, and TalkCity's
chat-technology, built around subject themes like "Star
Wars," is, well, groovy. Something like 50 media
companies, including magazine publishers, cable TV
channels, Internet channels and even the Microsoft Network,
have chosen Talk City's products to run online community
programming.
cbs.marketwatch.com |
