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Technology Stocks : VMware, Inc. (VMW)

VMW 142.48

0.0%

Nov 22 4:00 PM EST

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To: Lizzie Tudor who wrote (121)	1/28/2008 11:48:29 PM
From: Glenn Petersen	Read Replies (1) of 358

Customer acquisition costs are huge. All of these companies need some critical mass. CRM is just about the only one making any money, and they are not making a lot. By all traditional measures, the sector is over valued. Of course, as we all know, that doesn't make them bad investments or trades. Back in the fall of 2000, I helped Freedrive (which merged with Xdrive, which was acquired by AOL), raise $17.3 million. Freedrive was a provider of online storage space. Freedrive had over 15 million users and no viable revenue model. After I left the company, they tried to develop a paid corporate service, but the software was not robust enough. Over the last two or three years, a lot of money have been poured into the online storage space. What with cheap bandwidth and storage, my guess is that a lot of these companies are profitable.

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