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Technology Stocks : iBeam Broadcasting Corporation - IBEM

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To: Glenn Petersen who wrote (124)8/12/2001 4:35:36 PM
From: Hawkmoon  Read Replies (1) of 148
 
Is there still life in IBEM?

And is the stock undervalued at $2/share post-split?

Let's see....

$40-50 million in cash... divided by 13 million shares post split (and of course the preferred stock that was issued in the financing).

The backing of Williams, which has extensive plans for using their FO backbone for video streaming and broadband connectivity..

$30 million in sales according to Yahoo:

biz.yahoo.com
biz.yahoo.com

And they wrote down a bunch of equipment as well in the last quarter as part of their restructuring.

339 customers, and they are getting smarter about judging the financial status of their customers.

But what is most interesting is that I've also watched CCUR, which makes video streaming servers. They are also seeing increased interest in their products and their stock has been climbing.

This tells me that we're in a different phase of the information age. We've had the build-out of fiber backbone, and now were into developing the means to fully exploit it with streaming video.

This will include also making internet access via TV set-top boxes more ubiquitous, thus increasing the demand for high-speed streaming video.

Other opinions?

Hawk
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