Updated valuation analysis:
As of August 31, 1999, NZRO had 1.68 MM registered users,
891,000 of which used their service during the month of
August 1999. Freeserve (FREE) is a free U.K. ISP that
trades on Nasdaq. It has approximately 1.44 MM subscribers.
Percentage
Valuation per Market cap/ Decline
Subscriber Sales From High
NZRO 1,596 179.70 23.89%
(registered
users)
NZRO 3,010 179.70 23.89%
(actual users)
FREE(UK) 1,712 110.39 38.79%
BIZZ 2,093 6.53 59.62%
ELNK 993 4.44 58.11%
FLAS 486 2.81 85.07%
GEEK 835 4.67 80.12%
MSPG 1,344 5.76 59.59%
ONEM 751 4.13 65.24%
PRGY(1) 1,082 6.87 66.85%
VOYN 1,148 6.44 57.32%
TVS.V(2) 334 2.07 44.12%
(1) Adjusted for acquisition of 150,000 Cable & Wireless
subscribers (transaction expected to close in fourth
quarter)
(2) Amounts in Canadian dollars.
The above analysis is based on a review of the most recent
SEC filings and the October 1, 1999 closing prices. |
