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Technology Stocks : Zapata (ZAP)
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To: Bootz who wrote (1087)3/1/1999 12:02:00 PM
From: RJC2006  Read Replies (1) of 1206
 
Bootz, the problem with Zap is they are in the business of participating in internet mania which is a poor business model to begin with. Yes, Yahoo, Ebay, Excite, and a whole host of other internet related companies are astronomically valuated but regardless they still have a relatively decent revenue model. Zap's strategy seems to be to put something on the web and hope enough suckers think there is something there and will buy into it. This might have worked had they not totally shot themselves in the foot by dumping their strategy when internet mania started to wane. Then low and behold as soon as it picks up again, well Zap's back on the internet. Not going to work that way. People see through it. Doesn't help much when they post a Publisher's Clearing House sort of advertisement saying your web site could be worth millions. If they are going to play the greater fool strategy they should be more subtle about it. There are thousands of sites that take in 25,000 users per month. Now how is that going to be worth millions? It's a joke.
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