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Technology Stocks : Marimba, Inc. (MRBA)
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To: Joseph Waligore who wrote (13)4/13/1999 6:11:00 PM
From: Wheats  Read Replies (1) of 240
 
Since you are impressed with the revenue growth, perhaps you stopped there while reading the prospectus. I read the whole thing several weeks ago, so this is from memory.

1) Much of their revenue (20%+) last year was sold by Netscape; this is now gone.
2) While quarterly revenue rose, so did the quarterly losses. As I recall there were disclaimers after disclaimers that they may never be profitable.
3) Apparently NVDM is suing them big time over patent infringements, and these guys are aggressive unpleasant people to deal with -- I'm talking about NVDM people, believe me, you don't want them as your friends. This kind of action can suck up a lot of resources, both financial and share of mind.
4) As I recall, the top 4 founders got their stock for $0.005 per share, that's right 1/2 cent, and a lot of shares at that.

In summary, perfect recipe for a very successful IPO.
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