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Technology Stocks : IMON - Quoted from Barron's Corporate Reports

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To: Rajiv who wrote (1443)1/27/1999 9:20:00 AM
From: Fred Puppet  Read Replies (1) of 2220
 
Rajiv, thanks for the MUST READ article from briefing.com. For those who didn't read all the way down to the end, here's my favorite quote:

"But at $11 per share, ImaginOn is probably already well over its terminal value, the estimated value of the company if it fulfills its business plan without a hitch. The company has, essentially, a single product, with no recurring element to their business model. Even the independent appraiser hired for a fairness appraisal during the merger negotiations valued the company at only $10 million, or about $0.30 a share.

But, if you really want to get in on the ground floor of an Internet business, you can with IMON. And at $11 a share, you'll pay 50 times what the professional venture capitalists were willing to pay. "
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