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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (910)9/16/1999 11:26:00 AM
From: keith massey  Read Replies (1) | Respond to of 5053
 
Claude

I normally try to keep my head out of the sky and also don't like to make wild grandiose statements about where a companies price is heading. I have purposely tried to refrain from putting a price on JDX. However if you look at the market cap. of most of similar companies in the internet medical field on the NASDAQ you will find that a billion dollar market capital is very common, at least on the week of the IPO. Medsite.com might not hold this level but it has a good probability of hitting that mark (or higher) the week of the IPO as long as it does it when the market is relatively hot (not this week <ggg>)

Dr. Koop (KOOP) with $700,000 in revenue and huge losses still has a market cap. of 600 million but had a market cap. of 2.2 billion the week of its IPO.

Drugstore.com (DSCM) with just over $1 mill in revenue and huge losses has a present market cap. of $2.2 billion but had a market cap. of over $3 billion the week of its IPO.

Healtheon (HLTH) ...still has a market cap. of $3.2 billion but had a market cap. of $10 billion a few weeks after the IPO.

Of course none of these sites do the exact same thing as Medsite.com and Healtheon has a fairly developed program now but $1 billion is sure not out of the question when you look at everything Medsite.com has on the go and add it the current revenue stream and growth predictions. If this was a normal market I would say of was full of it guessing a billion but this is not a normal market.

Best Regards
KEITH