Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: ed who wrote (3671)	7/5/1998 9:14:00 PM
From: The Vinman	Read Replies (6) of 4903

I agree, Netscape is due for a huge move to the downside. The best thing for shorts( I have a small short position at $41) would be a buy out(rumored) by NewsCorp. Netscape has a 4 Billion dollar market cap, with less than $450 mill. in revenues the last 4 quarters. No one is going to pay that kind of premium. I believe their earnings will stink this quarter and the stock will tumble big time. I have read on 2 different threads where people are borrowing money from banks and using credit cards to buy internet stocks, the tumble down can't be far off...... Vinman

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