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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: Dukejwe who wrote (822)3/9/1998 12:40:00 PM
From: Brett Tjaden  Read Replies (1) of 5102
 
I know your question wasn't directed to me, but I'm going to throw in my two cents here anyway. :) I owned DBCC for about 4 or 5 years and sold last week for a small gain. I've given them years to prove that they can grow the business, but I have now given up on their ability to do so. Their core business (Signal and Quotrek) hasn't grown in more than a year, and I haven't seen a new initiative make any significant amount of money for them yet (e.g. Hong Kong venture, Agcast, Lawyers network). Something might come of their foray onto the internet, but I expect them to face stiff competition there and, again, I haven't seen any real profits there.

So, as I said, I've sold and won't touch their stock again unless they prove that they have a viable business plan. I think I held onto their stock a little longer than I should have because I kept hoping that they'd get bought out, but I've now decided that that is a lousy reason to hold onto a stock. As I'm sure you know, anything can happen so good luck whatever you decided to do. I've just decided that there must be better investments than DBCC out there for me.

-Brett
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