GDNO - Goodnoise, the next KTEL? Message Board

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Technology Stocks : GDNO - Goodnoise, the next KTEL?

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To: OtherChap who wrote ()	2/9/1999 2:02:00 AM
From: Sanjay Varma	Read Replies (1) of 158

Well, I'm starting to feel like a drag on this thread which is not really my intention. I just question whether this company is worth $220 million when its music sales revenues totaled $452 in the quarter ended September 30 1998. If you're going to invest, just be aware this is a purely speculative play, and place a stop-loss order to sell to protect your gains. NTKI (Music Boulevard) is worth $210 million, and they can expect 1999 revenues of at least $60 million. The MP3 business model may take years to generate significant revenue. Last year's hyped internet stocks did not earn a penny, but they had a revenue stream on which their valuation could be pegged. GDNO does not, and is a purely speculative play. Good luck. Thank you. Sanjay Varma

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