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Technology Stocks : USWeb (USWB) -- Ignore unavailable to you. Want to Upgrade?

To: SIer formerly known as Joe B. who wrote (1131)	9/19/1999 3:10:00 AM
From: Paul van Wijk	Respond to of 1188

Good question. It made me a little suspicious too. Most of the founders left the company. It looks like a bad sign, but it isn't. When you start up a company you need innovative and creative characters. The moment a company really starts to grow, things change and other capabilities are necessary. Structure, standards, focus on the financial numbers etc. Most of the founders left to start up other new companies. Not because US Web sucks, but they like to "invent" instead of "manage". Because these guys left to do what they really like and to do what they are good in, they make room for others who have the skills that are needed to continue growth. There is also another explanation. They did a lot of acqui- sitions. It makes sense to give some stock to the manage- ment of those company. And it also make sense that these guys wants to cash as soon as possible because it is not "their" company anymore. To get a better picture of the company, read this one. fnews.yahoo.com yahoo.cnet.com A quote from one of their competitors is what gave me the most confindence in this stock. "We're turning down clients," said Bert Ellis, founder and chief executive of three-year-old iXL. "A year ago in our business a $500,000 contract was a whopper, but now we're turning down companies that can't show us they'll spend $1 million over the next calendar year." With regards, Paul