Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (11569)	12/11/2000 9:35:05 PM
From: valueminded	Respond to of 78683

Peter: My read is they were exiting that business and taking the writeoff as it looked like it wasnt profitable and was a big cash sink.

To: peter michaelson who wrote (11569)	12/11/2000 10:06:24 PM
From: Madharry	Respond to of 78683

They actually have 3 distinct business but they may be down to 2 in 2001. They have virtually announced that they cannot make money in the cable broadband business they are arranging for a Charter affiliate- whose name escapes me to take over that business domestically. the foreign business has not been worked out so I dont know if that will go through or not. So they will be down to a satellite business and aerzone their venture of providing internet and email services to business travelers in airports. Their CEO - Brilliant just stepped down , i believe citing health factors. So it looks like they have two businesses and the question is how long before they turn profitable.