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Technology Stocks : GeoCities

GCTY 450.00

0.0%

Mar 16 5:00 PM EST

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To: RButman who wrote (196)	8/10/1998 11:37:00 PM
From: Francis Gaskins	Read Replies (1) of 316

What do you call a company whose MARKET SHARE CRASHED 28%... o from 60% last November o to less than 43% today* Hint: o if it doubles on the offering the market cap will exceed $1 billion, o only in the March quarter did the company figure out how to eke out a positive gross margin, of only 28%. And in the June quarter revenue SURGED to $3.3 million Answer: GeoCities! P.S. Is there anything GeoCities can do that its direct and indirect competitors cannot do? I don't think so. Plus, GeoCities has opted out for boring, boring, boring graphics. Why not go to AOL or to amazon.com for a more visually appealing experience. Who needs boring lack of graphics? In other words, there is NO reason to believe the downward slide in market share will not continue. * Source: mediametrix.com Media Metrix, The PC Meter Company

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