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.

Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (4208)	7/30/1999 9:26:00 PM
From: Techplayer	Read Replies (1) \| Respond to of 8858

Gator, Excellent summary. Keep in mind that only 7 licensees really contibute to earnings as several were online at the very end of the quarter. Brian

To: Gator who wrote (4208)	7/30/1999 9:41:00 PM
From: Gator	Read Replies (1) \| Respond to of 8858

Folks, be sure to read post 4209, No Change in SNMM Long Term Outlook! Awesome! Message 10746851 Later...Gator

To: Gator who wrote (4208)	7/31/1999 3:08:00 AM
From: Gator	Read Replies (2) \| Respond to of 8858

No change in SNMM long term outlook! Awesome Again the only change that occured this week,were some inflated eps numbers were not met.The exponential growth this company is having(63% Q to Q revenue growth for i-gaming alone,discounting flat revenues for adult sites),strong fundamentals,meeting expected goals for grabbing market share(signing up licensees),complete product line(casino,bingo,lotto,sportsbetting,financial betting,live horse and greyhound racing now in place or expected in the near future),not to mention a super management team. While revenue growth was fabulous, earnings were sacrificed to increase market leadership,hire 25 % new staff,spend on marketing,R & D,new equipment(a site visitor reported boxes and boxes of computer equipment),as someone mentioned before very likely to show some assets and cash for NASDAQ.Remember that also increase in number of shares also contributed to less eps,plus Claude the Frauds 200K revenue default. What does the future hold? Remember that only a measly 16 of the present 47 licensees were operational at the end of the last quarter,that too mainly upfront fees alone,they need time to be fully operational.What happens when the 80 licensees expected by MD this year become functional,or by 2000 perhaps > 100.Minimum of 25K per licensee is expected ,while MD expects each of them to notch a billion revenues.Which means 25% of one million.Can you simply fathom whats in store for us?This is going to dwarf land based casinos.One thing I would caution is its only in the 3rd quarter,when it all starts to take off,this being a traditional strong quarter,around 50 licensees are going to be operational.That means March 15, 2000 when the final knockout blow is delivered. Think what Live Simulcast will do(horses on the web,this worldwide is the biggest source of betting),financial wagering(go to www.wallstreet.com,then you will get what I mean,this one is going to be nauseating),sportsbetting(football,racing.soccer,hockey,cricket etc),bingo,lotto,anything else in the future-what about rball(remember SNMM domain name powerball.com).Can your mind really fathom whats in store for us? Well I haven't mentioned a small thing as Worldgaming(Starnets own casino) which showed a 200% revenue growth. Don't worry about day to day price fluctuations,lock your shares and check back in a few years.You may be a Starnetmillioniare. LOL Kalu >> Thanks Kalu from RB...Gator