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Technology Stocks : CyberCash a buy?
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To: AugustWest who wrote (3129)3/25/1999 9:58:00 PM
From: TLindt  Read Replies (2) of 3990
 
>>>CyberCash ended 1998 with more than 9,400 online merchants, a 275% increase over 1997.

I had to listen to that conference audio again for the number of merchants currently...because I knew Condon gave it early on the new number of merchants, and he said. "we provide the infastructure at this point in time to well in excess of 13,000 merchants"...that was March 15th.

painewebber.com

So if they grew 275% last year that means they started 1998 with about 3400 merchants x 2.75 = ~9400....or grew 6000 merchants / 12 is about 500 a month.

Now 75 days later, March 15th, they pick up another nearly 3600+ in 2.5 months of 1999...that's 38% increase in merchants in 10 weeks..360 a week?...more then half of last years total...that's what they need to do to get those revenues up.
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