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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Kevin Podsiadlik who wrote (14674)10/19/1998 4:16:00 PM
From: Roger A. Babb  Read Replies (5) of 18691
 
Kevin, yes the stocks such as yhoo that were over valued last year are much more so now. And maybe RNWK will go even high in 1999. But eventually stock price will come into line with revenues, that is certain, only the timing is uncertain.

This idea that Internet stocks should be valued based on "hits" or "users" is meaningful only to the extent that these represent potential revenue. Sooner or later these stocks will be valued on actual revenue, not "page views".
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