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Technology Stocks : VNTR - Ventro Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Islander who wrote (16)	3/29/2000 3:24:00 PM
From: $Mogul	Read Replies (1) \| Respond to of 33

It has NOTHINg to do with tech stocks... heck Home Depot will have to restate earnings and Coca Cola etc... at this rate.

To: Islander who wrote (16)	3/29/2000 8:10:00 PM
From: Jan A. Van Hummel	Respond to of 33

thestreet.com Is it contagious? It is an abuse of general accepted accounting practices. The kid CEO was on TV last Sunday. Don't recall the name of the program. It also had a top guy from DOW on. I heard he had 300 employees. Still losing a lot of money trying to, I guess, get critical mass. Essentially, they are commission agents bringing buyers and sellers together for a fee. At no time are they at risk from what I read. If the buyer defaults there is no deal. The concept is nothing exceptional. It does not change because it operates in a dot.com environment. The fees are the real revenues. If not mistaken it was near $2 million last year. Certainly not enough to pay 300 runners. I have a trading business. I do buy and sell for my own risk. If either buyer or seller defaults I have still to perform. I do sell "B2B." If I would consider my company a dot.com business too then relative to the market cap of Ventro my business should have a market cap in the area of $600 million. I can assure you the value of my business is still determined by traditional values and if value at 1 % of that I would be richly rewarded. Moreover, my business makes a profit. Maybe I should go dot.com and do an IPO! I can start losing then a lot of money, always a must for dot.com outfits. It is no sweat though to generate a lot of sales at no margin or even a loss just to achieve critical mass. Anyone can do it, but is it a business? There are numerous businesses like mine, and none excessively valued like the dot.com. I think too many are caught up in the Internet quick bucks. I feel badly for those holding the bag, but it is my opinion that we will see much lower values soon. Not only Ventro but other, similar companies too. Ventro management will be hard pressed to use the $250 to buy some tangible assets, otherwise the issuers of the notes will be sucked in just as hard. "The company announced it sold $250 million in seven-year convertible subordinated notes and called off a previously announced sale of 1.825 million shares in common stock, citing market conditions. And even money says those market conditions have an awful lot to do with dropping 73% since hitting an all-time peak of 239 13/16 on Feb. 25" Just my 2 cents.