FWIW, I am taking a cautious attitude toward ZAP. At the moment, it's simply wait and see. A lot of the comments are premature until we see the actual zap.com up and running. (Or, for that matter, up and stumbling.)
If memory serves, I think there's a shareholders meeting this month -- which would be a good time to roll out the new product. Having waited this long, I can certainly wait another few weeks. At least then everyone will know what we're talking about.
Much of it will depend on who Glazer brings onboard -- not just the websites, but the personnel involved in the day to day running of the Internet part of Zapata. Glazer himself may well be a dolt -- but that shouldn't necessarily prevent him from hiring some good people.
I'm encouraged that, after the original fiasco, they held onto Word and Charged. Someone in the company, then, has some experience by now. Overall, I'm cautiously optimistic.
If zap.com is halfway decent, it should occasion at least a small pop in the stock. I'll take some profit then and hold some shares long just to see where it goes. If it's utterly laughable, I'll be out at a small loss, or, if I'm lucky, no loss at all.
Personally, I think zap.com is a catchy name and URL with potential, much of that potential depending on what segment of the market they attempt to target.
At this stage I'm cautiously comfortable in waiting to see what they put up. Then we'll all know and none of us will have to speculate or wonder any longer.
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