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Technology Stocks : Source Media SRCM

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To: MW who wrote (2925)	1/13/2000 10:17:00 AM
From: Kevin Podsiadlik	Read Replies (1) of 3015

Just couldn't help but notice how badly SRCM is tanking on the news. Anyway, Liberate is a software company who, like many other such companies, saw its stock price get way ahead of itself and felt the need to buy something tangible with it. At $200 a share for LBRT I calculate a corresponding value of $13/shr for SRCM, and that's assuming SRCM isn't unloading those shares as we speak. That means the "content" business (meaning that mega-lame LocalSource site), has to be worth $5 a share to justify even the $18 that it trades at as I write. Maybe the cash from the LBRT stock might help them spruce it up a bit, but we're still talking a low-income, low-growth business that SRCM is now officially in.

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