Bill,
I think this companies prospects are bright if several things happen. First, they need to become the 'front end' for Allen's cable ventures similar to what Excite is to @Home. I see that as happening. Secondly, I think they need to purchase or form an alliance with a streaming media company such as Yahoo did with Broadcast.Com. I believe this type of content will be important in the future as broadband becomes widespread. I would like to see something happen with RNWK, but I'm not sure this is feasible. Both are Seattle based though as I'm sure you know. this type of a crosstown alliance would be excellent for them. Thirdly, they need push sales hard to gain as many exclusive listing contracts as they can, with well known companies, which will drive viewers to the site. If these things transpire, in my opinion, GNET will wind up a winner.
As far as another split is concerned, I understand what you are saying. However, it seems that such things do drive the price of the stock. It seems as if the market views them as a sign that a company is on the move, or that it's 'healthy'. The other thing splits do is lower the price, which can be a barrier for some potential buyers and it does take some of the volatility out as the float increases. It also gets you 'noticed'. I believe that GNET has 3 analysts that follow it. YHOO has 25 or so and I believe XCIT has 17. It would be nice to see 10 or more covering GNET. Better for the shareholder price in the long run. Creates more interest in the various brokerages. -Keith- |
