From today's Barron's:
interactive.wsj.com
<<<To book profits on those non-monetary exchanges is akin to an Internet firm's booking profits on the exchange of banner ads with another Website. Other fiber owners haven't done that. Austin, Texas-based IXC Communications reported $47 million in revenues from fiber exchanges in the three years ended 1998, but booked no profits on them, after assuming that those revenues equaled the cost of the fiber it had traded away. In an exchange of several hundred million dollars worth of transmission capacity with Williams, the wireless telecom firm Winstar Communications won't recognize all the revenues for 25 years.>>>
From Sept 3 DJ Newswire:
interactive.wsj.com
<<<DJ TIP SHEET:Monument Internet Manager Takes Long-Term View
By Dinah Wisenberg Brin>>>>
<<<It has given investors a roughly 90% return year-to-date, more than twice the average for science and technology funds, and a nearly 152% return since its inception in November, about double the average, according to recent Lipper Co. data.
Its year-to-date return as of last week was more than twice that of TheStreet.com Internet index, and surpassed those of its three rival funds.>>>
<<<His top picks in the Washington Aggressive Growth Fund, which focuses on emerging companies in greater Washington, D.C., include USInternetworking Inc. (USIX), Winstar Communications Inc. (WCII), CAIS Internet Inc. (CAIS), Ciena Corp. (CIEN), Metricom Inc. (MCOM) and Proxicom Inc. (PXCM).>>>> |
