Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : XSNI - X-Stream Network -- Ignore unavailable to you. Want to Upgrade?

To: Suntrader who wrote (1049)	6/7/1999 7:36:00 AM
From: donkeyman	Read Replies (1) \| Respond to of 3519

CNBC-TV said today if you are looking for a growth stock in the Stock Market "small is beautiful". What does that mean?? Your chances of seeing a company like X-Stream jump from US$4.00/sh to US$20.00/sh. is far greater than seeing AOL jump from US$120.00/sh to US$600.00/sh. if that's what's meant, I agree.!!!

To: Suntrader who wrote (1049)	6/7/1999 8:18:00 AM
From: Jacalyn Deaner	Read Replies (4) \| Respond to of 3519

From Financial Times today: Freeserve announces public offering soon check out the valuation... Monday June 7 1999 Our new look FTIT Kosovo Companies News / UK & Ireland Dixons to announce Freeserve flotation By Christopher Price Dixons, Britain's biggest electrical retailer, will shortly announce a public offering in Freeserve that could value the nine-month-old internet services business at between £500m and £2bn. The move follows a strategic review by Credit Suisse First Boston and Cazenove, Dixons' financial advisers, of the options available for Freeserve, Britain's most popular internet service provider. These included a public offering, trade sale and investment from strategic partners. The large range in analysts' valuations underlines the difficulties involved in trying to put a price on loss-making internet businesses. It also reflects Freeserve's uniqueness in being both a free internet service provider and an internet portal offering a range of on-line services. Dixons' decision to opt for a flotation and the large syndicate of bankers it is understood to have assembled to handle the deal suggest that the retailer is confident of a good valuation. CSFB and Cazenove are expected to be joined by Dresdner Kleinwort Benson, ING Barings, Merrill Lynch and Schroders in a 10-strong syndicate handling the offering. Freeserve became Britain's biggest internet provider, with more than 1.5m registered users, after launching the first mass market free internet service in September. Its success forced dozens of subscription-based service providers to reduce or scrap their fees. Dixons refused to comment on details of any proposed listing. However, analysts suggested that the company may be considering using Freeserve's financial services channel in order to sell shares to users as part of the offer. If it succeeded in persuading users to become shareholders, it would go some way to disarming critics who question Freeserve's ability to promote customer loyalty in the face of a plethora of free internet service providers. Another question involves the role of Energis and its subsidiary Planet Online - which provide the telecoms systems and modem support for Freeserve - in the flotation. Although it is understood that Energis does not currently have a stake in Free-serve, the huge amount of traffic being generated by the internet service is believed to have prompted the contract between Dixons and Energis to be renegotiated. This could include an equity interest in Freeserve, analysts speculated. Dixons has been strengthening Freeserve's management. John Pluthero, the Dixon's executive who developed the Freeserve concept, was appointed chief executive of the internet venture last month. Nicholas Backhouse has since been recruited from ING Barings as chief financial officer, while David Melville has joined as company secretary and general counsel from Argos. This year has also seen Freeserve developing its portal strategy, adding services such as discount telephone charges. © Copyright The Financial Times Limited 1999. "FT" and "Financial Times" are trademarks