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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP.
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To: Patrick who wrote (302)7/20/1998 9:22:00 PM
From: Ultimate Investor  Read Replies (2) of 1434
 
Ride, what ride. Sauron you are absolutely right. people who are enjoying the ride will never know when to get off and one day they will find themselves holding a security that has been priced according to fundamentals and then you will see a big rush to the exit. by then, obviously, the price would have come down to the twenties. It will be there before you realize what happened. MSPG does not have the wherewithal (financial resources, technical expertise, network) to compete with the baby bells, ATT, other telcos, cable companies. With high speed cable and ADSL technologies, MSPG will be coming down like a comet, IMHO. Look at Netcom--600,000 subscribers and sold for $280 Million and MSPG market cap is $1 Billion! with less subscribers.
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