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If he actually said what is alleged, he is alleged to have said that revenues may be lower than projected, but that net earnings/(loss) should be consistent with forecast (i.e., read improved margins). Nevertheless, I'm not certain that revenue numbers are material. Whether the Company's revenues are $10 mm, $20 mm or $50 mm is of little consequence. People are buying into a concept. If you like the concept or believe that NASDAQ (Europe, B2B, etc.) provides significant upside potential, then buy the Company. If not, don't. But immaterial revenue fluctuations are not what is going to drive the price of this or most internet companies (if the past is any precedent). Revenues fluctuations may have a short term impact, but significant news items are of more consequence (like it or not). If you are analyzing the financial performance of these companies, its hard to rationalize the market caps. But if believe in the concept, well, invest away and hold tight. |
