SI
SI
discoversearch

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.
Technology Stocks : Inforte Corp. (INFT) -- Ignore unavailable to you. Want to Upgrade?


To: neverenough who wrote (16)2/20/2000 9:11:00 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 65
 
INFT actually looks like a bargain relative to LNTE. LNTE is selling at 68 times sales. When you include the over-allotment option, LNTE has 39.2 MM shares outstanding, giving it a market cap of over $2.2 billion. Sales for the year ending December 31, 1999 were $32.964 MM, not much more than INFT's $30.1 MM. INFT's market cap is less than $900 million.

I had been hoping that INFT would open at $60. It would have been a steal. The low float could easily propel it over $100.