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 : Beyond.com (BYND) the NEW software.net....
BYND 1.385+16.4%Nov 7 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry Brubaker who wrote (123)1/31/1999 10:58:00 PM
From: Jon Tara  Read Replies (1) of 422
 
Larry, you are not far from the truth, IMO:

"It almost seems to me that pure internet companies are valued on how much money they lose, rather than how much they make"

If an Internet company is making a profit, then, in most cases, it's an indication that they are not spending enough in efforts to gain market share. Another company is likely to come along who will be better funded and will stick their neck out a little further.

PROG's market is limited. And, so, their valuation is going to be limited by the ultimate potential size of their market. BYND's market is much more broad.

You are trying to compare apples with oranges. And that is a fatal mistake with Internet stocks. I won't argue that BYND's valuation is reasonable - just that there is no reason for PROG's valuation to become unreasonable. PROG just doesn't have the same potential as BYND, and the name of the game with Internet stocks is potential.

I do believe that Greenspan was right with his somewhat-shocking comments the other day. Most of these companies will ultimately fail. But a few will ultimately be worth valuations even higher than they have today. That is what is driving this Internet fever.

I don't know if BYND will be one of those survivors or not. But it has the potential to dominate a very large market. PROG just doesn't have that, and won't be given the same kind of valuation by today's market.

So, yes, it all makes perfect sense to me.

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