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Technology Stocks : Cyberian Outpost (Symbol: COOL)
COOL 0.103+10.6%Sep 5 5:00 PM EST

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To: JudgeJudi who wrote (1714)9/22/1999 6:40:00 PM
From: Elroy  Read Replies (1) of 1932
 
14% sequential revenue growth is not very impressive for an Internet retail sales company.

Cash is vanishing pretty quickly....

Last Q "Cash + Short Term Investments = ~$47 million"

This Q "Cash + Short Term Invesments = ~$40 million"

So....it looks like they are bankrupt in about 8-10 more quarters, assuming this burn rate slowly decreases.

I don't have any position, buy I'd recommend exiting this turkey on any Xmas expectations runup. You can expect all the Internet stocks that sell products to the public to go ape sometime in November, when all the analysts start screaming about "the biggest e-commerce Xmas ever!!!"
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