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Technology Stocks : Ticketmaster-Citysearch (TMCS)
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To: Wade Spencer Graves who wrote (140)12/15/1998 7:12:00 PM
From: Frank P. Pearson  Read Replies (1) of 803
 
I think that your estimate will be pretty close. There's nothing to support this dog. I read a new article or comment from someone somewhere today talking about how overvalued this is. The push to spread City search will continue to erode any semblance of profits in a non-money making business. I also read that TMCS only sees 1/2 of the profit from Ticketmaster because another company (I can't recall which) gets the other 1/2. Take care.
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