Source Media SRCM Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Source Media SRCM

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kevin Podsiadlik who wrote (2768)	8/17/1999 12:20:00 PM
From: Pluvia	Read Replies (2) of 3015

SRCM CONF CALL REPEAT 1 800 938-0926 SRCM ONLY TOOK QUESTIONS FROM ONE CALLER - and the caller used a crank name which the SRCM buffoons didn't catch till it was too late <chortle!!!> Highlights... From the questions of the Esteemed Analyst Shor-Ting 1. SRCM is still losing tons of money... 2. To avoid bankruptcy SRCM CEO says they will have a capital infusion by Insight, where Insight will apparently buy SRCM stock for $14 a share... Huh? SRCM stock currently trades in the low to mid $8's per share... Mssr Shor-Ting was cut off from asking more questions right after the SRCM buffoons made this statement... I understand Mssr Ting's next question was "why would Insight pay $14/share when they could buy stock at $8ish from the market? 3. SRCM CEO claimed SRCM's product "blows the doors off other comparable products".... Hmmm "blows the doors off"? This must be a new techno term for sux, because Worldgate and MSFT have lots more subscribers and much higher subscriber growth than SRCM... Confused by this statement Mssr Shor-Ting asked the SRCM CEO why SRCM only had 1000 subscribers if their product was so darn good... The SRCM dweeb responded that SRCM was "just beginning" to roll out their service in Rockford IL... Huh? Gee wiz, didn't these guys say the same thing last Q conf call? In fact, didn't they say they were rolling out their service back in Q1? Wuz up? 4. When the Esteemed Pru analyst Shor-Ting and a slew of Mssr Ting's associates tried to ask more questions, the SRCM buffoons pretended like no other callers had questions and PROMPTLY ended the call. It would seem that the soft yellow underbelly of SRCM is easily exposed when real questions are asked... It would also appear that the SRCM management team is a gang of gutless wimps who don't want to discuss the real issues facing SRCM... Maybe they're too busy looking for a new place of employment after SRCM goes yellow belly up. HERE ARE THE FACTS... 1. SRCM will be bankrupt without Insight's investment... 2. All of SRCM's assets are assigned to the bondholders, thus in the event of a BK, SRCM is a ZERO. 3. WorldGate & MSFT have loads of money behind them and they have better products, software developers and marketing teams than SRCM... Why would any cable company contract with SRCM - a company with no money and no way to maintain/improve/redevelop a product when they can chose a product from MSFT? IMO SRCM has no way around a BK - can you say ZERO here I come? I know I can... All Comments are the express opinion of the Author, All rights reserved... Cheers

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next