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Technology Stocks : XO Group Inc
XOXO 34.990.0%Dec 21 4:00 PM EST

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To: Jim Fisher who wrote (30)12/28/2001 6:07:09 PM
From: Glenn Petersen  Read Replies (1) of 133
 
There seems to be a fair amount of life still left in KNOT. They had the net burn down to $2.3 million for the third quarter and it looks like they have enough cash to last until the end of 2002. Their business model is no longer exclusively net centric and the revenue model has shifted from a dependance on online advertising to publishing and merchandise sales. Obviously, they need to become cash flow neutral sometime within the next year. From the recent 10-Q:

Our management expects to achieve positive EBITDA, or earnings before income taxes, depreciation and amortization and positive cash flow prior to utilizing all of our current funds.

sec.gov

Seems a bit over priced at $.50 per share.
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