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Technology Stocks : CyberCash a buy?
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To: PeterR1700 who wrote (2917)3/10/1999 1:57:00 PM
From: micny  Read Replies (1) of 3990
 
AW & Peter,
Not that it's worth much, but I'm with Benny on this one. I'm sure Meltons' purchase was a sign of his conviction, but I think it may also have been an indication that they had already run the VC credit card up to the max. They purchased a truly second rate POS systems provider that isn't going to enable them to compete effectively against Veriphone et al or those Benny mentioned, or the other majors in the physical world, and when the volume materializes (or as it is materializing) the big retailers are going to look to their physical world providers for the virtual world payment systems. I can't see them wanting two providers, and I don't see them picking Cybercash. I'm not saying that it isn't/won't be a good short term play, but I just don't see a solid long term future. IMHO
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