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Technology Stocks : Internet Guru Discussion
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To: Nancy Rain who wrote (1108)4/16/1999 2:53:00 AM
From: steve harmon - analyst  Read Replies (2) of 4337
 
london pacific - while i like the firm's rev/income it's not as easy as speculating that this is a uk- "cmgi" in the making

#1 london pac have to prove themselves
#2 liquidity for their internet investments is not a given
#3 the london stock exchanges are not easy for u.s. investors to navigate
#4 venture capital in the uk is scarce, putting pressure on london pac to finance startups from garage (pronounced "gurrage" in brit talk) to high street

i've done my investment conferences in the uk and know the landscape well there

there is a lot of raw talent in the uk but the finance machine that exists in the states doesn't exist in the uk
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