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Technology Stocks : CyberCash a buy?

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To: Lee who wrote (1905)8/21/1998 2:25:00 PM
From: TLindt   of 3990
 
>>>I just multiplied 4.2 * 3 and got 12.6 million. I guess our baselines are quite close. I hope we are on low side.

Well at least one measure of this transaction processing companies value we can agree to is volume of transactions processed. I note that they have been increasing an average of 1.5 Million a quarter since 12/97 quarter. Now the June quarter they said was slow because of IC Verify...so I'd really expect better then 9 Million this quarter / 3 Million a month if the June comments were accurate. That being said my focus is on Volume.

9 Million total wouldn't be so hot...ie indicate another flat Q. Relative to March 98..June 98 where they increased 500k a month 1.5 Million a Quarter.

12 Million would be hot...for this 9/30/98 Quarter.

It's hard to value a company in a 'new' market with no history, but they do the 'portal' on unique users and pageviews...so transactional volume is how I think these will be valued by the market.

So I think the Quarterly Press ought to point out transactional volume increases year over year, and this quarter vs. last. Like Page Views are to a portal...then one can guage growth rates.
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