Archer you are Clueless about SRCM!!!
Archer, for an investor that claims to have listened to SRCM's conference calls
you are still lost on what the company does and what their prospects are. The
very fact that you have no idea why a company like Yahoo would want to go to
the TV set market is laughable. I bet you think that AOL wouldn't want to go
to the TV set either!!! You must have heard about the Internet since your
posting here. People want interactive information regardless if it is being
transported through telephone lines to your PC or cable lines to your TV or
PC.
Where have you been hiding? Have you not heard about the convergence between
the PC and TV? Yeah, your right Yahoo probably wouldn't want to be in front
of the 65 million cable TV subscribers in addition to the 30 million PC
Internet users. WAKE UP! The value is in the billions. Do yourself a favor
and do some homework. Assignment #1; research Gemstar International (NASDAQ:
GMSTF) Here's a clue: has patents for cable operators, licenses patents, has
$2.5 billion market-cap without selling a thing besides its patents. Please
let us know what you find out about Gemstar and maybe you see a glimpse of
SRCM's potential (here's another clue: it should dwarf Gemstar).
Please do all of us a favor and stop posting nonsense. You have posted time
and time again that the fundamentals will play themselves out, yet you
continue to post about nothing. Let the fundamentals speak for
themselves. If in 3 months that SRCM has not inked any deals we would all
love for you to post to your heart's desire.
By the way, have you seen the research report by NATWEST for SRCM put out last week? They don't seem to share your view regarding either the telephone business or the cable business. But hey, what do they know? I'm sure they didn't put nearly the amount of due diligence into this than you did!! Here's just a few choice snipets from their 15 page report...
" We expect IT Network to generate approx. 11 to 12 million in EBITDA for fiscal 98. Furthermore, we expect EBITDA to increase subsequently in each year as revenues increase because of the substantially increased sales effort, product innovations and continued cost cutting."
"One of Source's key strength is their impressive broad list of patents that cover amongst other things multiple modes of addressable transmission including cable, microwave, UHF, and satellite with respect to data transmission, presentation and display. Based upon a recent evaluation of their patents by a leading industry patent attorney, there is some thought that several major competing information providers may currently be infringing on these patents."
" Unlike many hi- tech startups, Source Media is fortunate to have a cash generating subsidiary, the IT Network, that supports the on-going development of the Interactive Channel and the Virtual Modem subsidiaries. We expect the IT Network to generate about 11 to 12 million in EBITDA in 1998. Furthermore, because of the high fixed cost and high margin nature of the business in conjunction with the recent stepped up sales effort, EBITDA could easily double over the next 3 to 4 years."
"The stock has HUGE upside potential as Wall Street recognizes Source Media as the next"AOL on television". Thus based upon a favorable risk/reward basis, we maintain a STRONG BUY on the stock with a short term target of 25$ per share."
Have a nice day,
MW |
