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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Jane4IceCream who wrote (53708)	8/18/1999 9:03:00 AM
From: John Pitera	Read Replies (1) of 90042

Hi Jane, I just started looking at INIT. and I was surprised to see that they have acquired 15 companies!!! Can they execute and manage this type of growth? I don't know but it will be fun to watch -g- John INIT is a provider of a comprehensive suite of hosting and enhanced Internet services that enable customers to deploy and manage their Web sites and network-based applications more effectively. For the 3 months ended 3/99, revenues totalled $5.4M, up from $13K. Net loss totalled $7.2M, up from $539K. Revenues benefitted from the acquisition of 15 various businesses. Higher loss reflects increased S/G/A expenses associated with the acquisitions.

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