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Technology Stocks : VIDEOFLICKS.COM/ VFCO.U -- Ignore unavailable to you. Want to Upgrade?

To: WWS who wrote (63)	4/28/2000 5:23:00 PM
From: WWS	Read Replies (1) \| Respond to of 66

Upon closer inspection of the news release, the results do not yet show an actual profit for 2nd Qtr, but a pro forma operating profit which ignores certain supposedly non-repeating costs. So, essentially what we have is improving sales and margin being eaten up, at least for now, by increased costs of doing business. Nonetheless, the business seems to be growing rapidly from a solid base of internet "views". If we extrapolate sales to an annualized estimate of $3mm, then the current market cap of $7.6mm (19mm shares x $0.40/share) is less than a 3x multiple of annualized sales, which seems not too bad for an internet e-tailer with demonstrated sales and margin growth.