Eric, I enjoyed reading your comments. IM certainly is in an excellent position to help create a B2B E-commerce business model that ensures their participation and allows for growth through expanded services. Their resources, size and position in the chain, coupled with their willingness to take an active role make them a good choice for both manufacturers and resellers to partner with in the development process. As you pointed out, hooking up with Softbank provides interesting additional opportunities for IM.
BTW, You mentioned: "Book value for IM is about $8.50/share depending on how you calculate goodwill." From the 10/2/99 balance sheet and income statement, I calculate it to be $9.48 (and that excludes goodwill, or with goodwill then $12.56). I base that on $1,859,902,000 in stockholders' equity, less $455,732,000 of goodwill, divided by 148,042,324 diluted shares. How are you calculating goodwill?
Regards - Dale |
