Drakes: Well you got me on some points but let's not forget to compare
the 3 in question. Here is a look at their financials filed with SEC.
I think you are totally mistaken on some of the points.
First of all I said who 'made' money not who will or is,big difference,'gussying-up' notwithstanding.I guess the other two couldn't 'gussy up' eh? I read the prospectus, perhaps not as thoroughly as I should,but I am well aware of the statement they made about losing money in the foreseeable future and who isn't among the most of the dot.coms? I feel to be successful in the internet space it takes a lot of spending initially before anybody can hope to make any money consistently,look at Aamazon or other prominent names in the space. I suppose for the market right now making money is a secondary issue and they are paying exorbitant prices for the 'potential', perceived or real doesn't seem to matter at the moment.
Another thing,if you think the estimated market size ($256 billion) of Generation-Y came form somebody is wild imagination I am afraid you may be sadly mistaken.The 11 year olds may not have credit cards but they have the money to spend,are you saying they don't spend any money? Hell they pare paying $200 bucks for a pair of sneakers.Besides it is not just the 11 year olds,there is more to it than that. These kids do not come from slums my friend,they/their parents have the wherewithall to spend and indeed they do.
As for Delia,here is the latest earnings I could find from Edgar,looks good to me.That is a lot more than one can say about a lot www.crap.coms.
So you sir may stick to your story but this is mine and I am sticking to it.
sec.yahoo.com
Delia
Results of Operations
The following table sets forth, for the periods indicated, the percentage relationship of certain items from the Company's statement of operations to net sales. Any trends reflected by the following table may not be indicative of future results.
Three Months Nine months
Ended October 31, Ended October 31,
----------------- -----------------
1998 1997 1998 1997
---- ---- ---- ----
Net sales 100.0% 100.0% 100.0% 100.0%
Cost of sales 49.0 52.7 48.7 52.0
----- ----- ----- -----
Gross profit 51.0 47.3 51.3 48.0
Selling, general and administrative expenses 48.2 40.4 48.0 44.0
Interest income, net 0.3 1.1 0.8 1.1
----- ----- ----- -----
Income before income taxes 3.1 8.0 4.1 5.1
Provision for income taxes 1.3 2.8 1.5 1.8
----- ----- ----- -----
Net income 1.8% 5.2% 2.6% 3.3%
===== ===== ===== =====
1.iTurf
Period from
March 14, 1995
(date of inception)
through Year ended January 31
January 31 -------------------------------
1996 1997 1998 1999
------------------- --------- --------- -----------
(in thousands, except per share data)
Statement of Operations Data:
Revenues ........................................ $ 6 $ 13 $ 134 $ 4,014
Gross profit .................................... 4 7 65 2,327
Income (loss) from operations ................... (2) (7) (49) 821
Net income (loss) ............................... $ (1) $ (4) $ (40) $ 425
======== ======== ======= ========
Basic and diluted net income (loss) per share ... $ (0.00) $(0.00) $ (0.00) $ 0.03
======== ======== ======= ========
Shares used to compute basic net income (loss)
per share ...................................... 12,500 12,500 12,500 12,500
======== ======== ======= ========
Shares used to compute diluted net income
(loss) per share ............................... 12,500 12,500 12,500 12,518
======== ======== ======= ========
2.iVillage
JULY 1, 1995 YEAR ENDED DECEMBER 31,
(INCEPTION) TO ---------------------------------
DECEMBER 31, 1995 1996 1997 1998
----------------- ------- ---------- ----------
(IN THOUSANDS, EXCEPT PER SHARE DATA)
CONSOLIDATED STATEMENT OF
OPERATIONS DATA:
Revenues................. $ -- $ 732 $ 6,019 $ 15,012
------- ------- ---------- ----------
Operating expenses:
Production, product and
technology............. 629 4,521 7,606 14,521
Sales and marketing...... 329 2,709 8,771 28,523
General and
administrative......... 656 3,104 7,841 10,612
Depreciation and
amortization........... 17 109 2,886 5,683
------- ------- ---------- ----------
Total operating
expenses............. 1,631 10,443 27,104 59,339
------- ------- ---------- ----------
Loss from operations..... (1,631) (9,711) (21,085) (44,327)
Interest (expense)
income, net............ (7) 28 (216) 591
Loss on sale of Web
site................... -- -- -- (504)
Minority interest........ -- -- -- 586
------- ------- ---------- ----------
Net loss................. $(1,638) $(9,683) $ (21,301) $ (43,654)
------- ------- ---------- ----------
------- ------- ---------- ----------
Basic and diluted net
loss per share......... $ (1.51) $ (8.90) $ (13.65) $ (21.10)
------- ------- ---------- ----------
3.VUSA
SUMMARY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE DATA)
PERIOD FROM
INCEPTION
(MARCH 13, 1996) YEAR ENDED DECEMBER 31,
THROUGH --------------------------
DECEMBER 31, 1996 1997 1998
------------------ ----------- ------------
STATEMENT OF OPERATIONS DATA:
Total revenues ...................... $ -- $ 134 $ 41,544
Total cost of revenues .............. 97 486 40,776
Gross profit (loss) ................. (97) (352) 768
Total operating expenses ............ 331 1,519 51,661
Operating loss ...................... (428) (1,871) (50,893)
Other income (expense), net ......... 3 18 (2,723)
Net loss ............................ (425) (1,853) (53,616)
Net loss per share --
basic and diluted ................ $ (0.02) $ (0.09) $ (2.80)
Weighted average number
of shares -- basic and diluted ... 22,500 22,616 23,154
