SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Roaring Internet Stocks
YHOO 52.580.0%Jun 26 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffrey L. Henken who wrote (508)12/29/1998 7:09:00 AM
From: KM  Read Replies (1) of 1530
 
I know this is probably blasphemy to most of you but you should take a look at this. From a column in theStreet.com about what will stop the internet stocks:

An Insider's Warning
Working as a site designer for many corporate Web sites, including some of the ones investors have seen just released into the IPO market, I can easily tell you that the rise of Internet stocks has been seen by workers in the industry as a joke.

I feel sorry for the investors in Net stocks, because they know very little about what they are buying. Most of the sites we design will never make money. The reason is simple: They are free. I don't care what any Net stock analyst tells you, advertising alone won't cut it, and page views mean nothing. Our research on post-site implementation shows that about 1% of all viewers even click on an ad, and based on numbers alone, this percentage may fall to .5% by spring.

The ultimate killer would be recession, because of the nature of these companies' revenue streams. Do you need a book a week in a recession? Would you pay five cents per email to AOL? Would you auction for merchandise at eBay?

While these stocks are the purest manifestation of this bull market's greed, the sites are an extension of that. Based on what I have seen of the sites we are currently developing and the conversations with colleagues at work on other sites, 95% of these companies will be bankrupt by next year.

--Erik Pupo

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News