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Technology Stocks : Sportsline (SPLN)
SPLN 2.0000.0%Jan 21 4:00 PM EST

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To: James Fulop who wrote (602)3/18/1999 3:49:00 PM
From: B. A. Marlow  Read Replies (1) of 858
 
Interesting coverage, James.

My take is that the WSJ misses the main event. The Nets don't *need* capital, they *want* capital. They intend to deploy new capital in the pursuit of global expansion, acquisitions and double-digit or triple-digit market share and top-line growth. Therefore, conventional wisdom with respect to convertible dilution, etc., is ignorant and misleading. If you "outrun" the dilution, shareholders win big time. And if the Nets can't do it, nobody can. Might as well buy savings bonds.

BAM
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