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Technology Stocks : SkyMall (SKYM)
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To: Tai Jin who wrote (593)12/29/1998 12:15:00 PM
From: Tom Hua  Read Replies (2) of 987
 
Tai Jin, SKYM is not even a second tier internet stock, it's third tier wannabe. The core business (97% of this year revenue and 95% of next) is catalog sales. WS has valued its core business at $4-5 per share which is where it was last week. You bring up a good analogy in Ktel. During the last runup/hype, some Ktel believers also thought it was a quality internet stock, citing advertising agreements with Playboy and on the Microsoft Shopping Network. They bought ktel in the 20s and 30s, dreaming for $100. Of course the rest is history.

Regards,

Tom
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