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Technology Stocks : NetObjects, Inc. (NETO)
NETO 0.00Nov 6 4:00 PM EST

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To: Dirk who wrote (101)5/14/1999 3:07:00 PM
From: Trevor Goodchild  Read Replies (1) of 278
 
IBM spun this thing off to maximize shareholder value for its own shareholders. It still owns most of the company. I'm guessing they have enough good press releases in reserve to keep this thing from drying up before 60 days. In fact, rather than dumping a dog like some have inferred, I think they have actually uncaged a potential high flyer (alright...I don't really believe that). Being a software co. in MSFT claimed space constrains NETO's revenue growth potential, however, being freed from Big Blue should allow NETO to respond faster to market conditions.

As hard as it is to get a Wit IPO, I don't care if this thing turns into a penny stock, I'm definitely not selling. Worst case scenario is a $1200 loss. With so many people wanting in on IPOs, getting bogeyed by Wit could literally mean being shut out for the rest of your life (at Wit). Imagine missing out on the next eBay, Lu, CSCO, Yhoo, AOL, MSFT companies from the years 2000 through 2050 because your Social security number was black balled way back in 1999.
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