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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE
WEB 27.990.0%Oct 11 5:00 PM EST

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To: Crazy Canuck who wrote (523)11/10/1999 7:28:00 PM
From: WhatsUpWithThat  Read Replies (1) of 1252
 
It may be surprising for some shareholders of Net Shepherd (WEB:ASE) to know that we are in fact holding an interest in three companies for the price of one. Yes, we bought shares only in Net Shepherd. However, during this past year, NSI has created significantly greater value for our initial investment.

Indeed when i first got involved with NSI it was remaking itself from a network services (for example, they were a high-end Exchange consultant) company into a company built around this Web-based collaborative product. Looked to me like they'd be developing and selling the product.

Not a bad business to be in, but as any company will tell you, the real money is made in selling knowledge. Sell your experience (consulting and outsourcing) or sell the actual information and analysis and you'll outstrip what you could make simply selling the software itself.

And that seems to be what NSI is doing (times three, which is even more encouraging: their vision isn't confined to just one market segment). Maybe all that time as a high-margin IT consulting firm helped them understand this often over-looked concept, that knowledge/information is more valuable than just code.

Seriously, every time I look these guys are doing, as Denise says, the right thing: build a business - and make sure it's done right - rather than build a stock price. The stock price will follow, and will do much more than any efforts to hype/over-promote the stock too early.

WUWT
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