You ask (which) of those would get Gardy excited?
Let's go back to my edited fireside chat:
Message 8723545
A: The yahoo /broadcast.com question is an important one. Again, I stress it has huge implications for us.This will become apparent shortly.
Q: IPO?
A: good question.huge question.
Q: do you see tvontheweb ipo d in the next 3 months?
A: Can't comment- But I must say some of the analysis I've seen on the boards is right on target. If you think about it hard enough there is a logical answer concerning an IPO. I just can't comment.
Q: is there any chance at all that any future annual meetings will be narrowcast?
A: If I was chairman of a public company, I would narrowcast the annual meetings. Maybe someday I will be.
There is no question that the Broadcast purchase by Yahoo changed things. It put some new valuation numbers in the market's mind. Let me ask this, if TVoW IPO'd (and you didn't own AXC), would you want some? The answer for most people is, "Of Course!" Would the IPO sell out? In a flash! Therefore is an IPO premature? In yesterday's world, it would have been. Today the market is ready and waiting.
Gardy is unwilling to say that there will be an IPO, but he clearly seems excited about the concept. He also volunteers that if he were the chairman of a public company he would narrowcast meetings on TVoW which to me indicates that he has that possibility in his mind.
In terms of the way Bramson thinks, you've been around here a lot longer than I have, and have seen a lot more. But the feeling I get from the posts is that this is not the Ampex of old. The old Ampex was much more reserved, moved more conservatively, and held its cards close to the vest. That is not what I see happening since the first of the year. Maybe the internut valuations have caught Bramson's eyes. Maybe you can teach an old dog new tricks.
Look, I don't disagree that the way things used to be done was to hold a company until it was established prior to doing an IPO. The reason was that if you didn't have a track record, no one would buy it. But today, at least temporarily, that doesn't seem to be a problem, and for TVoW, with the BCST purchase in everyone's recent memory, it certainly won't be a problem.
An IPO would solve one additional problem, that of focusing attention on TVoW and AXC. More than all the press releases in the world, a red-hot IPO will bring the spotlight where it is needed, and drive additional traffic to TVoW.
I've thought about it logically, and there is indeed a logical answer to the IPO question.
Carl
|
