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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (6170)	9/14/2000 7:12:56 AM
From: Puck	Respond to of 19428

PEOP's cash position: $110 mil. ($25 mil. as of 6/30 + $85 mil. from IPO) Six Month Rev's (ending 6/30): $19 mil. Six Month Net Loss: $107 mil. $20 mil. of the reported net loss is related to deferred stock compensation. Backing that out leaves a net cash loss of about 87 mil.. This amount of cash, based on current operating loss run rates, will be adequate to support operations for about three quarters; however, as PEOP's business plan calls for a revenue ramp as fast as possible, I guess that they will need need to secure funding in about two quarters. The expenses relative to revenues are truly awe inspiring--on a par with the worst contrived dot com business plans. PEOP's IPO is a modern day miracle. I'm now a Believer!