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Non-Tech : Image Entertainment (DISK) -- Ignore unavailable to you. Want to Upgrade?

To: Laptev who wrote (364)	11/10/1999 6:24:00 PM
From: William T. Katz	Read Replies (1) \| Respond to of 379

I'm writing off the management and the great expectations I had for DISK to succeed as the internet back-end fulfillment house for e-tailers. Now, this stock to me is just a DVD distribution play. Management has proven to me they cannot manage a high-tech operation, i.e. an internet/computer-based technology operation. Now they have little money (as well as probably little motivation) to hire people that will just get the software done. When I got into this stock many years ago, they were in great position to catch the DVD wave not only as a distributor but as an internet e-tailer. Now I've written off the e-tailing and have much lowered expectations that they will be able to fulfill for any major player like Amazon.com, reel.com, etc. They have dropped the ball for too long and missed the window of opportunity, and for this they SHOULD be held accountable. I'm not selling. I don't plan to sell until at least early next year. I hope DVD helps the distribution aspect of DISK do well, but management has run out of good will from me on all internet-related aspects. They can only mess up so much before they have to PROVE they can execute rather than shareholders assuming they will eventually get it right. But now the upside potential in this stock has been limited by lousy management and it should be valued purely as a DVD distributor and nothing else. If you think Reel.com, Amazon.com, DVDExpress.com, and every other large e-tailer is going to wait around for Marty to get his act together and launch DVDPlanet.com, you are mistaken. Also, their inept management of the engineering has basically wasted the money they spent on promoting kencranes.com (who still has the old infrastructure and no rapid fulfillment). IMHO, few buyers will stock around while the big e-tailers solidify their base between now and next March.