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To: McNabb Brothers who wrote (68721)7/22/1999 12:53:00 AM
From: Bill Harmond  Read Replies (9) | Respond to of 164684
 
This is what I heard:

Current run rate $1.25 billion. Sales reaccelerating this quarter, and Q4 could see the same sequential revenue growth as last year...almost 70%. Mary Meeker will be all over this last part.

#1 online toy reseller after two months.

This year largest one-year operations expansion of any company ever, 15x, yet a faster pace of initiatives will be coming in 2000 than 1999.

Enough cash on hand to finance operations and expansion indefinitely. Would tap the markets only for acquisition pools.

This company is a boomtown. I love it.



To: McNabb Brothers who wrote (68721)7/22/1999 12:55:00 PM
From: Bill Harmond  Read Replies (4) | Respond to of 164684
 
I'm not concerned by the sequential revenue slowness, because comparisons were difficult based on no new categories. Whenever a category is launched it causes a pop in growth. Q2 didn't benefit from toys and electronics.

You must consider category mix and the introduction of new offerings when comparing sequential growth.


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