This just posted by Steve Harmon today ...
KLP
siliconinvestor.com
Monday, October 11, 1999
VirtualFind no find yet but High Speed Access ready
to take off
Steve, What do you think about High Speed Access (HSAC) and Broadcom
(BRCM) for the next year?
Thanks!
=>reply: I remain a fan of High Speed Access Corp. (HSAC) as a
possible "@Home in the making."
What drew me in way back, originally in summer 1998, was Paul Allen's
investment. Since 1995, when
Paul wanted to acquire AOL, I've followed and analyzed Vulcan
Ventures' moves, wondering how long it
would be before Paul pieced together an AOL-like vehicle - only better.
Since he has the capital to do so,
Paul has assembled quite a portfolio of Internet companies that put
various features into what I always
believed (and still do) could be a Wired World Inc.
In fact, the news Oct. 7 has Paul (through Vulcan) investing $1.65 billion
in the telecom firm RCN.
Pieced together with HSAC, Go2Net and Charter Communications
(scheduled for IPO) I think we may
have a Wired World on Wall Street with this group. The line up:
Cable/high-speed infrastructure: Charter
Telco/high-speed data: RCN
High-speed Internet service: HSAC
Portal front end: Go2Net (GNET)
Wireless Internet: Metricom (MCOM)
And you begin to have the broad strokes for what I think is a meaningful
Internet suite.
--
Steve, I'm one of those that followed your GNET tip in January - wow!
How will it continue from here? (The
chart doesn't look so hot). I follow your recommendations very carefully.
=>reply: When I put Go2Net (GNET) on my watch list for 1999, the
stock was under $10 per share (split
adjusted). It's been as high as $99.50 per share since then and closed
Oct. 8 at $66. Charts are useful
but not indicative of anything other than history. Go2Net has been
aggressive in the Net space, moving
into the top 10 this year in users/traffic. I think HyperMart is probably
one of its biggest untapped - and
certainly unrecognized - assets. Silicon Investor has received some
awareness in the past 12 months
also. I think Go2Net is building on its success so far and has an array of
assets to do so, with Paul Allen
also a major shareholder. (See above for how I think that plays out). |
