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Technology Stocks : Buying IPOs on the open market -- Ignore unavailable to you. Want to Upgrade?

To: mact who wrote (689)	8/30/1999 10:55:00 PM
From: $Mogul	Read Replies (1) \| Respond to of 5529

IIJI is an internet service provider (ISP) as well as an internet infrastructure company. In short, they not only provide the service, but also control the pipes. Lets look at how this company's multiple is so undervalud for what IIJI brigs as the Leading ISP in Japan. IIJI had 2nd quarter revenues of $45MM; 45X4=$180MM. Market cap of $2.1B/$180MM = 11.67X. (Other Leaders are at least 50x which would be well almost scary to say but around $200 shr) STRM, CHINA are all 100-150x's, and Japan has the best possibilities, then Latin America then China in my estimation. (remember, flat growth assumption is really ridiculously conservative. Also IIJI has from 97" and 98" average profit margins of almost 30%..not bad. Thanks to Gizmo and jack for really opening up my eyes. This is one of my Top picks!!! $Mogul