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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: mike.com who wrote (12563)5/5/2001 11:07:53 PM
From: Victor Lazlo  Read Replies (1) of 13157
 
<<That's strange you think there's no profit. They bought Intellocity this year for 32 million and Intellocity was profitable after only a couple years of existence. How do you suppose that is? >>

Mike you are whistling past the graveyard.

"Revenues for the year ended December 31, 2000 increased 176% to $8.0 million, compared with $2.9 million in the prior year. The company reported a net loss of $34.6 million in 2000, or $.70 per share, compared with $27.0 million, or $.70 per share, for 1999."

Like I said, there is no profit in IATV's future. This is pathetic. They will just keep issuing new shares to stay afloat and keep the broken dream alive.

At current prices, IATV stock is way overvalued, imo.
Victor
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