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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Carl Yee who wrote (2764)	8/3/1999 12:10:00 PM
From: MW	Read Replies (1) \| Respond to of 3015

sorry to disappoint you carl but I'm still here although I have been purposely avoiding bridges and high rises with open windows the last few days. As for disappearing, I post when I feel I have something constructive to say and have the facts to back it up, a lesson some of the shorts should learn. As for my bet with steve, rest assured if and when he should win I will be there with a handshake and a sense of humor as I buy him dinner and I'm sure he would do the same. This isn't life or death. Now seeing as I started a post anyway, perhaps the shorts can take a minute from patting themselves on the back [prematurely,once again,after all we've been here before]to evaluate where we are today from where we were a year ago when stevie et al showed up with their dire predictions. I find it very funny to hear them claiming victory [again]when so far they have been 100% wrong. After all IT IS 1 year later and srcm is still around and by ALL accounts in a better position than ever. Granted, the JV with Insight might or might not be as good as with TV Guide, that remains to be seen BUT it is still a deal for carriage. It is a validation of a field tested working product. Customer response at Insight was obviously good enough to entice them to do the jv with srcm and at better terms for srcm than the tv guide deal. Development costs for the Interactive Channel and the Virtual Modem move to the jv which is funded by Insight so srcm's cash burn drops dramatically. So they have more cash then a year ago, and a jv and carriage with Insight that they didn't have a year ago, they have a working product in the field which they didn't have a year ago, and approx.1000 customers for their product that they didn't have a year ago. Would I have liked to see more?? Of course. But considering that according to the shorts this co would be bankrupt by now, I'll take it. mw