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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread.

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To: Paul Senior who wrote (119)4/26/1999 8:37:00 AM
From: Ausdauer   of 194
 
Paul,

Regarding LPGLY...

They own part of an internet startup (NETP) which is a local company here in the Twin Cities. The stock had a recent IPO and the share price doubled in one day. Now the company has a market cap similar to Imation, but revenues last year of only $5 million dollars and a net loss that equals revenues. The article I read voiced amazement at the valuation of this company.

I personally believe that there will be other software applications which will rival NETP's product. For example, if you use a search engine in Yahoo! or do a search for information on SNDK in one of the on-line technology periodicals you see web banners that pop-up that reflect your interests. (I can prove this to you.) I know that many sites create "cookies" on your hard drive and are aware of you each time you log onto their site and begin a query there. If SI were to do a key word summary on my posts I am sure they could come up with an all-to-accurate profile of me and my interests.

I have not investigated other LPGLY holding, but suspect there are similar stories. Now, if they held 10% of SanDisk shares it may be a different story!!!

I agree that LPGLY may be a good way to diversify risk if you wish to play the internet frenzy.

Ausdauer
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