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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino
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To: DaveAu who wrote (1848)10/25/1999 10:31:00 PM
From: DaveAu  Read Replies (2) of 2782
 
I can't listen to the CC tomorrow. I'll have to catch the re-play. I hope they expand on the idea of spinning off the E-commerce product into a separate company. The investment community today views CRY as an E-gaming company only and ascribes no value to the E-commerce product. In fact, I believe the E-commerce business results in a negative stock value because the large R & D costs are being expensed and the perception is that the gaming company is less successful than it actually is. After a spin off, the gaming side would have higher profits and would thus be valued proportionately higher. The E-commerce side, while having no revenue, would be free of the gaming stigma and legal worries and could potentially attract a high stock value as a pure internet play given the track record of CRY for producing cutting edge software.

If Mark was not just talking through his hat, this play could get very exciting.

Dave
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