>>No product, no patents, no revenues, no earnings. Just a web site which can be absolutely duplicated for about $8/share.
William, I respect you opinions here, and this makes twice that you've suggested the baselessness of my posts, so how's this:
An easily replicated search engine/web-link product, no patents, less revenues than any 10 McDonalds restuarants in Columbus OH, no earnings, and a web site which would cost about $2 million to program (tops) and $300 million to advertise (tops), to duplicate.
That would leave you $2.4 billion left over. Spend a chunk of that on more advertising if you disagree with that figure -- you couldn't spend all of it even if you were Philip Morris. I'm killing myself trying to allocate $2.7 billion to these assets! It's just not there! Yahoo was started in "a garage" with a few million. Nothing's changed much since then except the sale of more and more stock to the buying public, at higher and higher prices (presuming insider sales), as the "internet" craze gets more and more undue press. |
