I'm looking at it from the short side, mostly based on what I see in:
-ongoing insider selling
-increased news release activity which could (and may)decline again.
-meager top line ($11 MM Q revenue, nearly $1.2B market cap nondiluted)
-"compensation" for revenue (cash, stock based?) almost offsetting the revenues (refer to the latest 10-Q, see beyond *1)
-assumed hedging requirement by Apollo
-Comdex ending.
Besides that, RRRR "incubates", and quickly turns their Apollo cash into goodwill. As elsewhere said, jumping CMGI, and also ICGE
which grew way ahead of CMGI lets look smaller "incubators", like WCAP and RRRR comparably cheap.
Also the options coverage (RRRR has traded options now) tends to stabilize things here a bit.
Also see from an earlier post: #reply-12022685
I-Watch:
thomsoninvest.net
thomsoninvest.net
_____________________________
*1)
<CAPTION>
Three months ended September 30, Nine months ended September 30,
1999 1998 1999 1998
------------------ ------------ ----------------- -------------
<S> <C> <C> <C> <C>
Revenue $ 11,336,636 $ 1,522,839 $ 19,080,519 $ 2,537,929
Expenses:
Compensation expense 9,944,680 2,129,760 18,625,508 3,554,328
Sales and marketing expense 660,095 84,977 1,315,271 126,968
General and administrative expense 5,565,179 769,768 9,999,430 2,249,697
Depreciation and amortization 6,807,273 4,165,861 16,971,398 8,414,642
------------ ----------- ------------ -------------
Total expenses 22,977,227 7,150,366 46,911,607 14,345,635
------------ ----------- ------------ -------------
Loss from operations (11,640,591) (5,627,527) (27,831,088) (11,807,706)
Interest income (expense), net 795,615 (449,225) (1,407,019) (716,656)
Equity interest in net loss of investment - 10,650 - (122,800)
------------ ----------- ------------ -------------
Loss before discontinued operation (10,844,976) (6,066,102) (29,238,107) (12,647,162)
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