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

To: Joel K. who wrote (4249)	7/31/1999 11:57:00 AM
From: Techplayer	Read Replies (1) \| Respond to of 8858

Joel K, I believe that your growth estimates are in line, but I see numbers for the upcoming quarter being at least 2-3 cents higher, even with the predicted margins remaining in the 21% range (Dohlen expects margins to return to 33% or higher after this quarter.). This is due to over twice as many casinos running for the entire quarter over last. Growth on top of this should exceed .32 for the year, imo. Regards, Brian

To: Joel K. who wrote (4249)	7/31/1999 12:56:00 PM
From: Gator	Respond to of 8858

Joel, "Power Lunch,The CNBC 12-2 pm show,will be live from Atlantic city , on Monday. I heard a promo last night that they were going to do A segment on I-Gaming.The guest include the CEO'S of International Game Technology,Harrah's, Boyd Gaming,and Trump Hotels and Casino's. This show should be an interesting watch"... (Thanks, LadyLuck36, RB) Still working on my estimates, at the moment yours look reasonable and conservative...As far as price (share valuation) goes, I still prefer to us the Internet Pricing Model (i.e., E-Bay, AOL, Yahoo, etc.)...the potential for Internet sites dealing in services, rather than consumables, will continue to take the lead...The Internet sites selling books, computers, just about everything, are more exposed to the Big Boys, like Wal-Mart, etc...to much competition...The services, I-gaming, ISPs, Collectable Auctions, Advertising, etc., should offer the greatest potential... With that said, I feel the current price of Starnet is undervalued... I will wait for the next PAR report...I also want to see the impact (from AGM and various Conference Call and Interviews) of the future Celebrity Sites, Horse and Dog Racing, Mergers/Acquisitions, Bingo, Lotto, possible deals with the "Brick and Mortar" casinos, possible deals with various Indian Nations, among a few...the rapid acceptance of any of these could have a very dramatic positive impact to revenues... At the present time both Kyl and Levy are factored into the price, and the Sector, in spite of many companies having received analyst recommendations, both in the US and Canada, is very under valued... Another possibility for those that are trying to keep the price down is the Nesbitt Burns sponsored financing (I've seen this happen before), those that wish to participate, may intentionally be suppressing the price, for a more advantageous price position in the offering... Heck, when guys like Merrill Lynch like the sector :> The thing everyone must remember, is that Starnet is "the Leader"...which sets them apart from the competition... Later...Gator