Internap Network Services Corporation Message Board

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Technology Stocks : Internap Network Services Corporation

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To: TheStockFairy who wrote (772)	9/1/2004 2:10:51 PM
From: Curt Whitaker	Read Replies (2) of 1011

"That would still give them around 3 years of screwing around if they could'nt break even. " Huh? Do you follow this company or not? They are already cash flow positive - last quarter they used some of their cash reserves to pay down debt and improve cash flow even further. There is no cash burn. GAAP profitability will be achieved in 2005 (my projection is that it will come early). CapEx will primarily be for growth areas internationally. The biggest issue right now is the float and management credibility with WS (Peters selling, etc.). I backed up the truck at $0.55 - and will enjoy the ride above $1 once the preferreds have been forced out.

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