Some recent GG posts of note from the GTR Forum.
My companies are chosen for the long haul. If I am right, a company such as Avanex will continue to grow for a decade or more. Timing now is relatively insignificant from this point of view. Investing is largely a matter of confidence. If you know a company is founded on a paradigmatic technology, aligned to the evolution of the telecosm, you will be willing to buy when everyone else is selling and sell at your leisure when the rest of the world comes in. 4/27/00
Much of the world now thinks Globalstar is a clinker. The vultures are circling. The wiseguys are selling short. Fortune is appalled by the very idea of such a company. That is the kind of buying environment I like. I get nervous when I feel the heat of the herd. 4/27/00
In writing about Avanex, I did not contemplate lockup provisions and have no opinion on them beyond my general scepticism toward insiders who sell shares in their companies before they reach their goals. The recommendation, however, was exclusively for Simon Cao, Giovanni Barbarossa, and their splendid technologies, aligned with the paradigm. 4/27/00
Boeing's interest in low earth orbit satellites is long standing. Boeing has a major investment in Teledesic. But Globalstar is up there, CDMA, and its business operations become daily more impressive. I wouldn't bet against them over the long term. 4/27/00
In other words, Mirror Image is a recent startup with the unusual feature of a public owner. Think what Christopher Byron could have said (perhaps did for all I know) about WorldCom's Bernie Ebbers with his Mississippi motels and struggle through three rural colleges in search of a Bachelors degree in Physical Education. At least the Scandinavia Company was a hotelier transmogrifying into a CMGI style Internet holding facility when it discovered Mirror Image last year and invested some $6 million in it. This was a huge investment at the time for Vik and his Vikings in a recent startup. They did not keep this investment quiet. They issued a number of press releases. They acquired some 55 European ISPs as customers. They attracted the interest of a number of analysts groping for a new dot com for Europe. The stock boomed and the owners sold perhaps one twentieth of its value. I personally don't like this. I don't sell stuff I recommend or manage until the company goals have been essentially achieved. Venture Vikings are apparently different. But nothing in this article has anything to do with the power of Mirror Image's software, which the leading Web Hosting company, Exodus, recently a adopted while paying $670 million for 15 percent of the shares. 4/27/00
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Site still has Intentia listed in the cache and carry description.
Jack |
