Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Rick Buskey who wrote (22089)	12/18/1999 12:26:00 PM
From: Rolla Coasta	Read Replies (1) \| Respond to of 52051

yeah, Richard, I am interested too. Still need more info and opinion though. -eH

To: Rick Buskey who wrote (22089)	12/18/1999 5:15:00 PM
From: TWICK	Respond to of 52051

Re: ICAB - (Francois, check this out as well) I mentioned it here on Dec 6th, looking for opinions. Has been on watch list since then. One foreign ISP that I'm waiting for to make a NASDAQ IPO next year is arabia.com. Interesting read on the majority share holder and arabia.com Besides building pay-phone networks in Syria and Saudi Arabia, Silki La Silki is also working on a satellite network that will blanket 99 countries in the Middle East and Africa. But the really exciting piece of this company could be Arabia Online (go to arabia.com), an Arab portal. Through Silki La Silki, the prince recently bought 50% of this business, which is run by Ramzi Zeine, a Jordanian out of Amman, for $1.2 million. (That's million.) Now, think about that. Arabia Online has about 400,000 unique users each month and is growing the way a popular new Website should. Zeine is talking to American VCs right now, and then he'll look for strategic partners (i.e., including a big U.S.-based portal); he hopes to take this company public on Nasdaq as soon as next year. A similar proposition like StarMedia (a Latin portal) has a market cap of $1.9 billion. Say Arabia Online--which unlike StarMedia has virtually no competition--has a market cap only half as big (and, remember, 270 million Arabs). Then that 50% stake the prince bought for $1.2 million would be worth $475 million. Could be one of the prince's biggest hits ever. As the Middle East inexorably--albeit slowly--gets wired, the prince stands to make out coming and going. The populace will buy Macs and Moto phones. They will dial in to the Internet through his telecom networks, using his ISP. And they will log in to AOL and Arabia Online. Talk about setting yourself up for the next millennium! library.northernlight.com Twick