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Technology Stocks : NetNation Communications, Inc - NNCI -- Ignore unavailable to you. Want to Upgrade?


To: Gator who wrote (44)6/25/1999 9:08:00 PM
From: Carl Smith  Read Replies (1) | Respond to of 121
 
Gator, my couple of sense ....

You seem to be confused as to the differing nature of the business. Individually most of us use an Internet Service Provider to log on to the Internet. There are various payment plans: the minute; the hour; the month; etc.,. In other words you log on and pay a price to do that. I would guess that most in the US pay the normal 19.95 per month - as I do for unlimited access.

From a Web Hosting standpoint I don't need to log onto anything. My site is already on the Internet. It really doesn't matter to me what the person pays to log on. Once he is on I want him to access my site and buy whatever I am selling or see what ever it is I want him to see. If as you say the Europeans are giving free Internet access that only affords an increasing number of people to view my site - and the more the better.

People access my site through their ISP, which happens to be BellSouth and NetNation provides machinery to run my site (shopping baskets, secure transactions, etc). For a fee they give me 24hr per day e-commerce capability. That is my site is available to the world 99.99% of the time. My business is always open and anyone on the net, regardless of time-zone, can purchase what I sell. No employees to pay, no medical, dental, unemployment insurance, or Social Security, plus all the other things real people bring to the business equation.

I foresee the day when the majority of people in the US will have their own URL. My children have theirs. It costs me $35 a year to reserve their names with a "COM" extension. With a last name like Smith I'd wager that their are perhaps 10,000 with my sons first name. Yet no one else can use that URL. It may not be a big deal now but when they are grown they will be one of the few individuals that have an Internet address that are their actual names. Unfortunately someone already used mine. I just wasn't quick enough.

So why am I investing in NetNation - five years ago the Internet was basically like the VCR in 1980. Something few had nor saw a need for. Today I own three VCRs not including two that are integrated with a TV. The Internet has a tremendous amount of inertia and in just a few more years it will be as common as the VCR. Soon everyone will want their own Web page. I hope they choose NetNation. I did.

Additionally, I like the fact that the CEO has connections (pardon the pun) in Israel. Also having Ernest Cheung on the payroll appears to be extremely positive.

Carl