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Technology Stocks : TheStreet.com, Inc. (TSCM) -- Ignore unavailable to you. Want to Upgrade?

To: KevRupert who wrote (1177)	4/29/2001 12:49:35 PM
From: Dale Baker	Read Replies (1) \| Respond to of 1822

Who are they trying to kid with these numbers? For the 3 months ended 3/31/01, revenues fell 19% to $4.4M. Net loss from continuing operations decreased 30% to $7.2M. Results reflect the softening of the online advertising market, offset by lower product development and personnel expenses. Even a $65 million market cap for a faltering Web site with a revenue run rate under $20 million is too much. And they will keep burning cash until they turn into a cinder in a couple of years. I can name some micro caps with twice the sales and real profits that trade far under this valuation. Oh yeah, they are growing too. ;<)