Great Article, but I disagree with the last sentence saying, "But if Wetherell fails, Diller will have taken an important step toward returning pricing reason and common sense to Internet stocks."
If Wetherell fails, all it says is that if a pure internet company marries a bulky, clunky, 3-D, shop-at-home, JoanRivers Colection hocking, Pacific-Blue Televizing, $5 service charge for concert ticket peddling mish mash of TechTrash, you might expereience a moderate dip in price. Hell, if AOL merged with Allied Waste, I'm sure its price would drop, too.
XCIT marries ATHM = 100% increase
GCTY marries YHOO = 100% increase
GNET marries Vulcan Ventures = 50% and climbing.
I think LCOS shareholders would be buffoons not to listen to Wetherell. He knows and cares far more for LCOS and, more importantly, the price of its stock, than Barry Diller. |
