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Strategies & Market Trends : cash-rich dot bombs

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To: stock leader who started this subject	12/18/2000 5:06:42 AM
From: KyrosL	Read Replies (1) of 184

NZRO is a free ISP that sells for less than net cash. Bought it last week. Has $1.69 cash per share and sells for around $1, has no debt. Book value is $2.83. This one may be a long term hold though rather than a quick trade. It's in the free ISP business. Has enough cash to outlast all its competitors -- it can last more than 10 quarters at its current cash burn rate. QCOM bought 10% earlier this year at a price more than 10 times higher than what it sells for now. Has a decent chance of survival, IMO. PSIX is a CLEC and Web hosting outfit that I also bought recently. Sells for about $1.5 has $4.4 cash per share, but has a heavy debt load. It is burning cash fast and only has enough for a couple more quarters. But it has the option of drastically reducing its cash burn rate by scaling back its breakneck web hosting and network expansion. It has recently announced that it's for sale in part or in whole via GS.

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