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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ) -- Ignore unavailable to you. Want to Upgrade?


To: $Mogul who wrote (283)5/31/2000 10:15:00 PM
From: Benjamin Ostrom  Read Replies (1) | Respond to of 838
 
Yes, I think it may be a good sign. Look where ASKJ is. They have a lot of cash. They are focusing on mass customer service - a huge pie. Correct me if wrong, but I think they have shifted focus away from B2c and advertising revs toward B2B white label customer service.

I'm a value investor and their book value ratio is a little over 1. My guess is that they've made heavy investments up to now and it;'d be pretty easy to leverage the investments going forward and ramp up profitabiity/slow cash burn. Sincere there are so many companies which would like this technology IMO to save costs and increase customer satisfaction, I think we are at the bottom here.

And look. The price of ASKJ didn't move much downward on the president news, but rather in tandem with the market. Everyone is so bearish, but they have a lot of cash and have invested a lot up front. Time to clean up.

Sincerely,
Ben