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Technology Stocks : EFAX.com - easy-to-use fax-to-email technology

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To: Doug Fowler who wrote (604)	3/17/1999 9:40:00 PM
From: Tom Hua	Read Replies (2) of 1197

Doug, the company had about $4 MM in cash last quarter, surely less by today. People sign up out of curiosity (it's free why not?), but I bet majority of them do not use the service. I have one of their phone lines tied up, but that line will just be idle forever. In the meantime, guess who's paying the bill? There's a huge difference between number of users and number of registrations. Success will be measured by pages transmitted, much like pageviews, and not by how many have signed up. The database of inactive users bear no value. You can get them a lot cheaper from the White Pages or similar means. Regards, Tom

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