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

To: Dr. Microcap who wrote (4326)	8/1/1999 3:51:00 PM
From: Techplayer	Read Replies (2) \| Respond to of 8858

dr m, As I said, good luck in NWL. My investment strategy is nearly 100% technology and internet. I look at other companies being touted as leaders in their areas, like BWEB for example. I rode that from 21 at the IPO down to 15, then to 35 for the sale in a few weeks. At no point did I consider holding it for the long term, despite it being a favorite of Steve Harmon. There are very few i-net companies growing at this pace that have the market capability that SNMM has. Look at JNPR. The company has 27 million in sales, is not profitable and is looking at a market of about 5 billion/year at the most, in 2002. CSCO, NT and LU will also be heavily involved in getting that market. JNPR has a market cap of 8 billion and has a price target another 25% up from here. I would like to see SNMM get a valuation of 300X trailing revenues!! In SNMM I see the sustainable, if not exponential growth in a truly global business. 190% growth should be sustainable, year over year, for at least 2 years. If so, we have a stock trading at 16 or so times next years revenue and 6-10 times 2001 revenue with a pe of less than 50times y2k eps and less than 25 tikes 2001 eps. That is value for a growth stock. Valuations are all relative to earnings and revenue growth. It would never hurt you to diversify a bit. Brian