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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: lindend who wrote (3579)	9/15/1999 2:03:00 PM
From: Marconi	Respond to of 10293

Hello Mr. deCarmo: InterTrust Technologies valuation The answer is.....whoops! I don't know. I do not follow them. 3 thoughts come to mind: 1--if the loonies don't pick up on it, then it may have a reasonable valuation. However this market it awash with loony cash, yet. Never try to compete with dummies. They can only spoil a market. Put in another way, depending on who is primarily investing, do you want to be in that crowd or not? Often, avoidance for that reason is a sound decision. 2--Without operations and the path to a going concern, you are considering investing in an option on the possibility of a going concern. Over what time, and within what financial bounds would you expect to realize a reasonable going concern operation? Those are numbers that can approximate a fair value within a factor of 3 or better, but keep in mind best, worst, and most likely case numbers. Is the evaluation effort worth it at this point??? 3--Play VC. Given 3 to 5 years, double the cost of founding the business prospect, and figure what it would take to get 10-fold on your (front) money now. If it doesn't look likely, it is below your dignity...perhaps that is why it is a public offering. If you have to split hairs finer than 10-fold, look elsewhere for opportunity. BTW, I rarely run numbers any more. At least not on a comprehensive basis. There is enough traffic in other opportunities to avoid the slug work for now. It is a marvelous trading market for a spell.... And after that, well, slogging through it will be the likely bread and butter again. Best regards, m