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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: trader14U who wrote (2865)8/16/1999 11:23:00 AM
From: Sir Auric Goldfinger  Read Replies (2) | Respond to of 19428
 
Next up: ASKJ Askjeeves, how hurtin can you get? The Queen of the internet Mary Meeker writes that this pig will loose $31 M this year, $20 M in 2000 and "we look for the Company to break even in 2002". Well sheet, I thought that the market was looking for profitable internet companies. This thing's gonna burn $50+ M before any likelyhood of breaking even and it's revenue model is advertising?!!

I mean they only raised $42 M, say $38.6 M after fees? Thus they burn all of their IPO cash and then some.